In the past month, within a 30-day span, the bitcoin price has surged 60 percent against the U.S. dollar to about $8,500 as the valuation of the crypto market rose by $100 billion.
Major crypto assets such as ethereum, litecoin, and EOS have seen gains above 100 percent year-to-date, with Binance Coin, the seventh most valuable crypto asset in the global market, recording a staggering 437 percent gain against the USD.