Bitcoin (BTC) Price Surges to $40K Again, Cryptocurrency Market Cap Back to $1T

Bitcoin cryptocurrency
Bitcoin cryptocurrency

Over the past twenty-four hours, Bitcoin (BTC) saw a significant price surge, reaching the $40,000 mark. The rally comes days after the digital token plunged to $27,000 and $23,000 respectively.

Consequently, the overall cryptocurrency market cap regained its momentum and is now back to over $1 trillion.

Bitcoin’s market capitalization reached $734 billion, and the digital token regained over 11% yesterday. The digital token currently has $23 billion in global trade volume.

Meanwhile, Ethereum (ETH) also gained over 11% and is trading at $1,236 per ether. Other altcoins experienced a price increase in conjunction with Bitcoin’s healthy comeback.

What BTC investors think about the surge

The Bitcoin price increase generated many tweets and comments. Anthony Pompliano, a Bitcoin investor tweeted on Thursday,  “Welp, that was a quick bear market. Bitcoin back to $40,000. Stop listening to fools with no skin in the game”.