Bitcoin crossed $42,000 on 4 December for the first time since April 2022. The world’s most valuable digital asset is up by roughly 13% since 28 November, a jump of more than $100bn in its market capitalisation.

Bitcoin’s price has increased by roughly 160% year-to-date and the rise was not sudden like previous jumps in the crypto’s value. Bitcoin started the year with a price tag of $16,000 and ended the first quarter at $28,000. The digital asset touched $30,000 by the end of Q2 and made its way to $40,000 in December.