The price of bitcoin has hit a new record high, reaching above $36,000 for the first time in its history.
The latest gains mean the cryptocurrency now has a market cap of around $650 billion, making it more valuable than both Visa and Mastercard.
Bitcoin has been boosted by massive institutional investment in 2020, which occurred partly as a result of the economic turmoil brought about by the coronavirus pandemic.
The digital currency was trading below $5,000 as recently as March.
Other major cryptocurrencies have also seen significant price rises during this time, including ethereum (ether), litecoin and bitcoin cash.
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