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Bitcoin Price Spike Targets the $40K Handle, Crypto Economy Recaptures $1 Trillion Market Cap

Crypto asset markets have seen some significant gains over the last 24 hours recapturing much of the losses suffered a few days ago. The entire crypto-economy valuation is now back over the $1 trillion mark and bitcoin has jumped above the $40k handle on January 14.

Bitcoin (BTC) and a number of other digital assets have experienced some nice price gains during the last day. Gains that have almost erased the losses felt on Sunday and Monday. Bitcoin’s market capitalization today is around $734 billion, and the crypto asset has gained over 11% during the last 24 hours. At the time of publication, BTC is exchanging hands for prices between $39,200 to $39,700 per unit, and has $23 billion in global trade volume today. Ethereum (ETH), the second-largest market cap has gained over 11% today as well and is swapping for $1,236 per ether.

Bitcoin Price Spike Targets the $40K Handle, Crypto Economy Recaptures $1 Trillion Market Cap
On January 14, 2021, the BTC/USD price touched a high of $40,113 per unit. At press time the price is exchanging hands for above $39k per unit.

The fourth-largest market valuation belongs to XRP, but the position is awfully close to being taken by the polkadot (DOT) crypto asset. XRP is trading for $0.30 per unit on Thursday and has a market valuation of around $13.6 billion. Following XRP, is polkadot’s (DOT) market, which has gained a whopping 21% during the day. DOT is trading for $12.79 per unit and has a market cap of around $12.1 billion. Behind DOT is litecoin (LTC), which is up as well gaining 11% today and swapping for $154 per LTC. Bitcoin cash (BCH) has gathered 12% in gains on Thursday jumping to $535

Read more from our friends at Bitcoin.com