Bitcoin capitalization exceeded $1 trillion again

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.