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Bitcoin capitalization exceeded $1 trillion again

March, 09 2021
watermark Economic news

In the morning trading session on Tuesday, bitcoin rose to $54348.57, reaching a 24-hour high. At the same time, the market capitalization of the cryptocurrency rose again above the $  trillion level.


After that, bitcoin lost some of its achievements and the current quotation of the digital asset is $54185.


Note that recently, bitcoin has experienced a dizzying rally: since the beginning of 2021, it has grown by more than 80%, and over the past 12 months, it has risen by more than 570%. It was also at an all-time high of $58,332.36.


There are several reasons behind Bitcoin's rise, including the investment in this digital currency by large investors and significant purchases by corporations such as Tesla, Square, and MicroStrategy Incorporated.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.