Bitcoin capitalization reaches $1 trillion for the first time

The main cryptocurrency of the world, bitcoin, on which many have already given up not so long ago, continues its rapid growth.

Just a couple of days ago, Bitcoin crossed the psychological mark of 50 thousand dollars, and today more than 53 thousand are already being asked for it. At the time of this writing, the rate has risen to $ 53,676.

In addition, the capitalization of bitcoin for the first time reached the iconic $1 trillion mark. And the capitalization of the total cryptocurrency market has already exceeded 1.65 trillion, which is approximately equal to that of Amazon. Compared to other companies, only Saudi Aramco, Apple and Microsoft have a higher market valuation.

Recall that a sharp rise in the value of cryptocurrencies began on February 8 after Tesla reported to the US Securities and Exchange Commission (SEC) about the purchase of bitcoin for $ 1.5 billion. True, analysts are confident that the digital currency will not be able to maintain the taken levels due to high volatility.

Author: John Kessler
Graduated From the Massachusetts Institute of Technology. Previously, worked in various little-known media. Currently is an editor and developer of Free News.
Function: Director