Breaking: Bitcoin price hits $40,000 for the first time ever

  • Bitcoin price just hit $40,225 for the first time in history on all exchanges.
  • The digital asset has been trading in an unstoppable rally since October 2020.

Bitcoin has now hit $40,000 for the first time ever reaching a market capitalization of $742 billion while the entire market capitalization of the cryptocurrency industry hit $1,071,751,000,000. 

BTC/USD daily chart

It seems that Bitcoin price will continue to rise even higher as there is very little resistance to the upside. Today, other prominent cryptocurrencies like XRP also had major breakouts, rising by more than 40%. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.