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Bitcoin Hits $1 Trillion Market Cap, Extending Year’s Rally


Fri 19 Feb 2021 | 05:50 PM
Taarek Refaat

The market value of Bitcoin reached market cap of $1 trillion, as it increased by more than $415 billion during 2021 to about $956 billion, according to Bloomberg data.

Bitcoin rose 3.21% to $53,775 later in trading, according to CoinMarket Cap, after it crossed the $52,000 level on Wednesday for the first time ever.

Ripple Alpha is up 74.22% in the last 24 hours to $0.000986, and Ethereum rose 0.89% to $1,935

The recent rises recorded by Bitcoin raise some concerns, as it reminds investors of a rise near the level of $ 20,000 in 2017, and then declined in the following year to lose the currency about 80% of its value