Global cryptocurrency market hits USD 1.5 trillion as panic buying fuels Bitcoin price above USD 42,000: Reports
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The world's biggest cryptocurrency Bitcoin touched a 19-month high above $42,000 which was triggered by some "panic buying", reports said on Tuesday. The surge in Bitcoin prices pushed the crypto market capitalization over $1.5 trillion for the first time since May 2022, when Terra crypto token collapse kicked-off the crypto winter. Bitcoin was hovering around $41,700 per token on Tuesday.