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Bitcoin hits $ 55,000. Now cryptocurrency capitalization is more than a trillion dollars
Bitcoin has renewed its all-time high again. Its price crossed the $ 55 thousand mark, and the total cryptocurrency capitalization exceeded $ 1 trillion. This is evidenced by data from Coindesk.
The peak price was recorded at 22:02 Moscow time — it reached $ 55 707. At the time of this writing, the cost of 1 BTC dropped to $ 55.1 thousand.
Taking into account the number of currently in circulation 18.6 million. bitcoins, cryptocurrency capitalization exceeded a trillion dollars. This is a record capitalization for the cryptocurrency market and very solid — even by the standards of the largest bigtech companies. For comparison, the market price of Alphabet holding (owned by Google) is $ 1.4 trillion, while Tesla, which invested $ 1.5 billion in Bitcoin, is only $ 747.2 billion. Among cryptocurrencies, Bitcoin’s closest competitor is Ethereum with a capitalization of $ 224.3 billion.
Bitcoin price has been growing since March 2021, starting from $ 4.9 thousand. At the end of 2021, Bitcoin began to gain widespread public support. PayPal began to work with cryptocurrency, Elon Musk called himself a supporter of bitcoin, and Apple Pay now has the ability to pay for services and services through linking a BitPay card.