Bitcoin price updates historical maximum

Bitcoin quotes rose 3.78% during the trading session, reaching the highest level in history, at $ 41, Report informs, referring to CoinMarketCap as of 14:48 (Baku time).

The value of all bitcoins in circulation is now more than $740 billion, and the total value for all cryptocurrencies is more than $1 trillion.

Investors have flocked to bitcoin in recent months as the cryptocurrency has gone mainstream.

Square (SQ) and PayPal (PYPL)now let their users buy and sell bitcoin. Top money managers, including Paul Tudor Jones, Stanley Druckenmiller, and Anthony Scaramucci, have embraced it more recently.

Software firm MicroStrategy (MSTR) is now holding bitcoin on its balance sheet. And a top exec at BlackRock (BLK), the world's largest asset manager, recently said bitcoin is a new, digital gold -- an asset that can hold up well during times of dollar weakness and rising inflation.