GUANGZHOU, China — Bitcoin smashed through $37,700 to hit a new record high on Thursday helping to lift the total value of the entire cryptocurrency market above $1 trillion for the first time.
The digital coin hit an all time high of $37,724.67 at around 11:44 a.m. Singapore time, more than three hours after blowing past $36,000, according to data from Coindesk.
Bitcoin was over 5% from a day earlier at around 1:04 p.m Singapore time.
The cryptocurrency is up about 29% since the start of 2021 and in the past 12 months has surged over 380%.
Meanwhile, the value