For the fourth consecutive day, Bitcoin recorded a strong rise, with the crypto currency boosting its value over 1 trillion, amid growing optimism in the financial markets.
Bitcoin increased by 5.2% to trade today at the price of $57.000. The rise is seen after the measures to support the US economy.
Ether – the world’s second largest crypto currency – rose 3%. The gains reflect broader optimism about risk, following the Nasdaq’s strong return to gains this week, after falling.
Proponents of Bitcoin say the digital currency could be used as a hedge against inflation and the weaker dollar, and there are voices from critics who believe the crypto currency is a big bubble.