"We are seeing this fact play out on the Mastercard network, with people using cards to buy crypto assets, especially during Bitcoin's recent surge in value. We are also seeing users increasingly take advantage of crypto cards to access these assets and convert them to traditional currencies for spending" read the company's statement released on Thursday.
Bitcoin increased by 5.33 percent in the last 24 hours to 47,166.83 dollars, after fluctuating between 44,482.17 and 48,745.73 dollars, while the weekly gain of the currency was calculated at 26.47 percent. Bitcoin's total market volume was at 878 billion dollars, about 47 billion dollars higher than the previous day.
With increasing corporate purchases, the total market capitalisation, which exceeded the 1.0 trillion dollar limit for the first time in history on January 7, was at 1.0 trillion 425.37 billion dollars in the early hours of Friday.
While the value of 29 units decreased from the highest volume of 100 units in the last 24 hours in the crypto money markets, five of the top 10 units were among those that fell.
Bitcoin accounted for 61.6 percent of the total market volume in 33,732 markets where 8,436 cryptocurrencies were traded, while the 24-hour trading volume in all markets was at 204 billion dollars.