Bitcoin continued its rising rally on Thursday, going above $40,000 for the first time ever, supported by a recent surge in demand especially from institutional investors.<\/p>\n\n\n\n
This means that the market value of the world\u2019s largest digital briefly exceeded $1 trillion today.<\/p>\n\n\n\n
Bitcoin, the biggest cryptocurrency in the world, has gained more than 30% since the beginning of the year, while its gains over the past 12 months amount to around 400%.<\/p>\n\n\n\n
Bitcoin is currently trading around $39,000, rising by 9.83% over the past 24 hours, and extending its increase during the past seven days to around 34.5%, according to data by CoinMarketCap.<\/p>\n\n\n\n
Bitcoin has recently recorded multiple new all-time highs, including today\u2019s $40,188 level, and now more increases by the world\u2019s largest cryptocurrency are expected.<\/p>\n\n\n\n
Researchers at JPMorgan Chase expect Bitcoin could hit $146,000 in the near future, Dow Jones\u2019s MarketWatch reported.<\/p>\n\n\n\n
If the largest digital currency was to draw demand away from gold investors, new unprecedented highs could soon be seen.<\/p>\n\n\n\n
Inflows of more than $3 billion into Bitcoin and more than $7 billion of outflows from gold exchange-traded funds (ETFs) since mid-October support the expectation.<\/p>\n\n\n\n
According to JPMorgan, Bitcoin is attracting 3.4 times more risk capital than gold.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin continued its rising rally on Thursday, going above $40,000 for the first time ever, supported by a recent surge in demand especially from institutional investors. This means that the market value of the world\u2019s largest digital briefly exceeded $1 trillion today. Bitcoin, the biggest cryptocurrency in the world, has gained more than 30% since …<\/p>\n","protected":false},"author":10,"featured_media":32004,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904],"class_list":["post-39560","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=39560"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39560\/revisions"}],"predecessor-version":[{"id":39561,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/39560\/revisions\/39561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32004"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=39560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=39560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=39560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}