The virtual currency briefly breached the $45,000 milestone for the first time in roughly a month overnight, according to CoinMarketCap
. It later dipped back below that mark, and was last trading around $44,800 per coin.It's not clear what caused the latest surge, but the cryptocurrency's price has been improving in recent days. It finally cleared $40,000 again last Friday after weeks of losses. Still, the coin is down more than 34% from its all-time high — on November 10 — of $68,789.63, according to CoinMarketCap data.
Investors had been jittery about digital currencies and other risky assets ever since the US Federal Reserve signaled it may unwind economic stimulus more aggressively than expected.Governments are cracking down as well. Reuters reported recently that Russia's central bank has proposed a ban on crypto use and mining. Russia is one of the biggest crypto-mining nations in the world, but its central bank said that digital currencies can pose a threat to the country's financial stability.
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