A representation of virtual currency bitcoin is seen in this illustration. Image Credit: REUTERS

London: The price of the cryptocurrency bitcoin soared past $40,000 for the first time on Thursday, rising $10,000 in just five days.

The price of bitcoin was $41,130 at roughly 1800 GMT, having jumped 9.75 per cent during the trading session.

The cryptocurrency, which has known wild swings in value, passed $30,000 for the first time just on Saturday.