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Bitcoin’s mar­ket val­ue surged past the $1 tril­lion mark Fri­day as the world’s largest cryp­tocur­ren­cy con­tin­ued its stag­ger­ing rally.

The mile­stone came as the price of a sin­gle bit­coin rose to a fresh all-time record of $54,827.69 short­ly before noon, putting it up about 5.6 per­cent from a day ear­li­er, Coin­Desk data show.

That means bit­coin is now worth more than all but a hand­ful of the world’s pub­licly trad­ed com­pa­nies and accounts for rough­ly 61 per­cent of the com­bined val­ue of all cryp­tocur­ren­cies in cir­cu­la­tion, accord­ing to Coinmarketcap.com.

Bitcoin’s val­ue has surged more than 82 per­cent since the start …