{"id":104697,"date":"2021-01-07T17:57:40","date_gmt":"2021-01-07T17:57:40","guid":{"rendered":"https:\/\/myfintale.com\/?p=104697"},"modified":"2021-01-07T17:57:40","modified_gmt":"2021-01-07T17:57:40","slug":"cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges","status":"publish","type":"post","link":"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/","title":{"rendered":"Cryptocurrency market value tops $1 trillion as Bitcoin surges"},"content":{"rendered":"

More On:<\/h4>\n

cryptocurrency<\/h3>\n

Bitcoin hits new record above $35,000 following massive drop<\/h2>\n

Jack Dorsey rails against feds’ proposed cryptocurrency rules<\/h2>\n

Bitcoin as ‘alternative’ currency for investors? It could happen<\/h2>\n

Bitcoin price plunges after reaching all-time high<\/h2>\n

The value of the cryptocurrency market topped $1 trillion for the first time Thursday as Bitcoin surged to yet another record high.<\/p>\n

The world’s biggest digital coin made its first climb past the $39,000 mark to a peak of $39,231.40, a roughly 12 percent gain from a day earlier, CoinDesk data show.<\/p>\n

That helped drive the combined market value of all cryptocurrencies up nearly 11 percent to $1.05 trillion, according to CryptoMarketCap.com, which tracks hundreds of digital tokens.<\/p>\n

Bitcoin alone accounts for the vast majority of that total with a market capitalization of about $726 billion, the site says.<\/p>\n

Smaller coins also saw strong gains Thursday \u2014 Etherium, the second-largest cryptocurrency by market value, was recently up 8.2 percent at $1,248.19, while XRP surged nearly 36 percent to about 34 cents, according to CoinDesk.<\/p>\n

Once a fascination of amateur retail traders, Bitcoin has been on a record-breaking tear in recent months as it gained traction among institutional investors. <\/p>\n

The cryptocurrency has been buoyed by perceptions that it’s a good way to protect against inflation. JPMorgan Chase analysts have said Bitcoin could even become an alternative to gold \u2014 which could eventually drive its price up to $146,000.<\/p>\n

There are also hopes that Bitcoin will become a more widely used payment method, with mainstream digital payments firms such as PayPal and Square allowing Bitcoin on their platforms.<\/p>\n

Square bought $50 million worth of Bitcoin in October, and CEO Jack Dorsey \u2014 who also leads Twitter \u2014 published an open letter this week slamming a federal proposal that would force the company to more carefully track cryptocurrency transactions.<\/p>\n

Share this article:<\/h3>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More On: cryptocurrency Bitcoin hits new record above $35,000 following massive drop Jack Dorsey rails against feds’ proposed cryptocurrency rules Bitcoin as ‘alternative’ currency for […]<\/a><\/p>\n<\/div>","protected":false},"author":3,"featured_media":104696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nCryptocurrency market value tops $1 trillion as Bitcoin surges - my finance tale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptocurrency market value tops $1 trillion as Bitcoin surges - my finance tale\" \/>\n<meta property=\"og:description\" content=\"More On: cryptocurrency Bitcoin hits new record above $35,000 following massive drop Jack Dorsey rails against feds’ proposed cryptocurrency rules Bitcoin as ‘alternative’ currency for [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/\" \/>\n<meta property=\"og:site_name\" content=\"my finance tale\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-07T17:57:40+00:00\" \/>\n<meta name=\"author\" content=\"Vogel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/myfintale.com\/wp-content\/uploads\/2021\/01\/ccelebritiesfotoBITCOIN-COIN.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vogel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/\",\"url\":\"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/\",\"name\":\"Cryptocurrency market value tops $1 trillion as Bitcoin surges - my finance tale\",\"isPartOf\":{\"@id\":\"https:\/\/myfintale.com\/#website\"},\"datePublished\":\"2021-01-07T17:57:40+00:00\",\"dateModified\":\"2021-01-07T17:57:40+00:00\",\"author\":{\"@id\":\"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/myfintale.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy\",\"item\":\"https:\/\/myfintale.com\/category\/economy\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Cryptocurrency market value tops $1 trillion as Bitcoin surges\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/myfintale.com\/#website\",\"url\":\"https:\/\/myfintale.com\/\",\"name\":\"my finance tale\",\"description\":\"myfintale.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/myfintale.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Vogel\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/myfintale.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g\",\"caption\":\"Vogel\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cryptocurrency market value tops $1 trillion as Bitcoin surges - my finance tale","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/","og_locale":"en_US","og_type":"article","og_title":"Cryptocurrency market value tops $1 trillion as Bitcoin surges - my finance tale","og_description":"More On: cryptocurrency Bitcoin hits new record above $35,000 following massive drop Jack Dorsey rails against feds’ proposed cryptocurrency rules Bitcoin as ‘alternative’ currency for [...]","og_url":"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/","og_site_name":"my finance tale","article_published_time":"2021-01-07T17:57:40+00:00","author":"Vogel","twitter_card":"summary_large_image","twitter_image":"https:\/\/myfintale.com\/wp-content\/uploads\/2021\/01\/ccelebritiesfotoBITCOIN-COIN.jpg","twitter_misc":{"Written by":"Vogel","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/","url":"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/","name":"Cryptocurrency market value tops $1 trillion as Bitcoin surges - my finance tale","isPartOf":{"@id":"https:\/\/myfintale.com\/#website"},"datePublished":"2021-01-07T17:57:40+00:00","dateModified":"2021-01-07T17:57:40+00:00","author":{"@id":"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/myfintale.com\/economy\/cryptocurrency-market-value-tops-1-trillion-as-bitcoin-surges\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/myfintale.com\/"},{"@type":"ListItem","position":2,"name":"Economy","item":"https:\/\/myfintale.com\/category\/economy\/"},{"@type":"ListItem","position":3,"name":"Cryptocurrency market value tops $1 trillion as Bitcoin surges"}]},{"@type":"WebSite","@id":"https:\/\/myfintale.com\/#website","url":"https:\/\/myfintale.com\/","name":"my finance tale","description":"myfintale.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/myfintale.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Vogel","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/myfintale.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g","caption":"Vogel"}}]}},"_links":{"self":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/posts\/104697"}],"collection":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/comments?post=104697"}],"version-history":[{"count":0,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/posts\/104697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/media\/104696"}],"wp:attachment":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/media?parent=104697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/categories?post=104697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/tags?post=104697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}