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Bitcoin price surges past $42,000 for the first time – NEWS.com.au
Bitcoin price surges past $42,000 for the first time
Bitcoin, the worlds most popular cryptocurrency, has surged past $42,000 for the first time in history. It comes as investors and hedge fund managers are betting on it becoming a more mainstream payment method.
The digital coin has more than quadrupled in value since the start of 2020, with the currency’s total value now past $US600 billion ($A780 billion).
According to Forbes, the latest bull run began in October after PayPal announced it would begin offering Bitcoin and cryptocurrency support.
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