Bitcoin is once again approaching $55,000 in a renewed bull run, as the cryptocurrency’s total market cap retakes $1 trillion.
After Bitcoin’s price hit an all-time high of $57,000 on February 20, it underwent a sharp correction, falling to $43,000 just eight days later. Since then it has recovered, gradually inching back up its current price of over $54,000. Bitcoin’s recovery has seen the cryptocurrency’s total market cap once again surpass $1 trillion, a level it hasn’t reached since February 22.
The news follows a succession of announcements from companies that have added Bitcoin to their treasuries, including Norwegian multinational Aker ASA and Chinese app maker Meitu. Combined with widespread retail adoption, the institutional investments “are creating ideal conditions for the next leg up to $55,000, and beyond,” Jason Deane, Bitcoin analyst at Quantum Economics, told Decrypt.
Bitcoin’s market cap passes $1 trillion (again)
Bitcoin’s total market capitalization
Źródło: https://decrypt.co/60722/bitcoins-bull-run-set-to-continue-as-55000-price-approaches
