Bitcoin’s recent surge has attracted a lot of attention, with the 19th trading session seeing it hit $55,000 and its market cap officially reaching over $1 trillion.
CNBC reports that according to Coin Metrics, bitcoin approached $54,000 during Friday’s trading session, and then surged more than 6% past $55,000. Bitcoin’s price has soared nearly 360 percent over the past six months, and it had never even reached $20,000 before the recent rally.
Important investors and companies have reportedly fueled bitcoin’s recent rally, such as the historic Bank of New York Mellon, which announced earlier this month that it would enter the bitcoin space, and Elon Musk’s tesla, which earlier this year said it would add bitcoin to its balance sheet and begin accepting payments in bitcoin.
Recent Comments