Cryptocurrency market cap tops $1 trillion with bitcoin above $37,000

The market capitalization of all crptocurrencies topped over $1 trillion for the first time, according to data from Coindesk. That came as bitcoin
BTCUSD,
-2.56%

topped $37,000, trading up nearly 4% to $37,152. Cryptocurrencies have surged, helped by a move in the autumn by PayPal to allow transactions through their service.

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