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| Bitcoin worth more than JPMorgan as crypto sets new historic peak above $23,000 | |
| (about 4 hours later) | |
| The world’s largest cryptocurrency by market capitalization, bitcoin, has reached another milestone in less than 24 hours as its price topped $23,000. | |
| Bitcoin jumped more than 15 percent in one day and reached $23,114 early on Thursday, setting a new historic high. It was trading at around $22,500, according to Coindesk data as of 11:00am GMT. | |
| After the recent rally, believed to be driven by demand from larger institutional investors, bitcoin's market cap surpassed $418 billion. To put it in context, that’s more than the market capitalization of JPMorgan or Johnson & Johnson. | |
| On Wednesday, the cryptocurrency broke past $20,000 and has remained above the psychological level since then. Other major cryptocurrencies also saw double-digit growth, with ethereum up around ten percent and Ripple’s XRP rising by 23 percent. | On Wednesday, the cryptocurrency broke past $20,000 and has remained above the psychological level since then. Other major cryptocurrencies also saw double-digit growth, with ethereum up around ten percent and Ripple’s XRP rising by 23 percent. |
| Earlier this week, the operator of the Chicago Board Options Exchange (CBOE) announced plans to launch cryptocurrency indexes next year in partnership with CoinRoutes, a trading software firm based in New York. The exchange is set to provide data for several cryptocurrencies with high market caps. | Earlier this week, the operator of the Chicago Board Options Exchange (CBOE) announced plans to launch cryptocurrency indexes next year in partnership with CoinRoutes, a trading software firm based in New York. The exchange is set to provide data for several cryptocurrencies with high market caps. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |