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Bitcoin hits $1 trillion market cap, surges to fresh all-time peak

The world's most popular cryptocurrency jumped to an all-time high just below $55,772, posting a weekly jump of 13%

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Bitcoin | cryptocurrency | Bitcoin surge

Reuters 

Bitcoin touched a market capitalisation of $1 trillion as it hit yet another record high on Friday, countering analyst warnings that it is an "economic side show" and a poor hedge against a fall in stock prices. The world's most popular cryptocurrency jumped to an all-time high just below $55,772, posting a weekly jump of 13%. It has surged roughly 66% so far this month and was last up 6.8% at $55,079. Bitcoin's gains have been fueled by signs it is gaining acceptance among mainstream investors and companies, from Tesla Inc and Mastercard Inc to ...

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First Published: Sat, February 20 2021. 03:06 IST
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