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Bitcoin Crosses $1 Trillion Market Value And Soars Above $55K

Published 02/19/2021, 11:02 AM
Updated 02/19/2021, 01:57 PM
© Reuters.

By Liz Moyer

Investing.com -- Bitcoin has reached a $1 trillion market value after soaring above $53,690 on Friday morning.

Coindesk said Bitcoin reached $53,739 earlier and is up 80% so far this year after gaining 300% in 2020. In the early afternoon, it was trading above $55,100.

The stunning rise in the cryptocurrency comes after companies and institutional investors have warmed up to it. Earlier this  month, Tesla Inc (NASDAQ:TSLA) said it bought $1.5 billion of it, and other companies such as Bank of New York Mellon (NYSE:BK) are opening up to transactions for clients. 

Bitcoins market value a year ago was $178 billion, according to Coindesk, citing TradeView data.

 

Latest comments

To the moon and beyond! $1 Trillion Market Value is nothing ;)
Bitcoin will hit 270k in this halving cycle.
They are trying to create another bubble to distract people from buying safe haven assets like gold and silver.
clearly you don't know what you're talking about. while you whine, I'm getting rich.
when every sheep will be in the cage... some Chinese whales... can start the *****.. all this american businessman trying to create a new asset class.. don't understand that crypto are so fast ....you cannot control it
English is clearly not your best language.
Is the fed aware of this
lol, the fed got a heap of trouble of its own doing... when people wake up one fine morning and be like “OMG, the 10yr is at 2%, run for the exits,” then the fed be like “sorry byatxhes, all doors are boarded up, muahahahaha, gotta jump outta windows now :) just sayin... then bit**** be the forat one to go back down to zero
Oh what about BNB??
that's the real question
remember when crypto was the new weird kid and no one took it seriously....
thanks
hedge against inflation? we will never see big inflation, we will see economy and currency collaps soon
Governments waiting for what to ban this nonsense, which will cause total currency collaps
envious
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