Bitcoin exchange rate above $ 56 thousand and capitalization of $ 1 trillion confirm its recognition by investors

Bitcoin price overcame the $ 56 thousand mark at night amid increased interest from investors, strengthening its status as one of the most valuable assets today..

Over the last 24 hours BTC rate several times rose above $ 56K, but all these breakouts were of a short-term nature. It was able to briefly hit $ 56,620 around 4 am, a new all-time high. Although the subsequent correction slightly reduced the price, but the bulls continue to control the situation, keeping the rate above the psychological mark of $ 55 thousand. At the time of publication, bitcoin is trading at $ 55,305 with a daily gain of 7.46%.

Bitcoin exchange rate above $ 56 thousand and capitalization of $ 1 trillion confirm its recognition by investors

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The rise in market capitalization to $ 1 trillion has confirmed the widespread acceptance of the digital asset, analysts note that the current short-term growth is driven by huge demand  on the part of large investors who insure their capital against the influence of inflation. At the same time, some traders are actively selling BTC to fix profits.

In parallel with Bitcoin, Ethereum is also setting new records. ETH rate today has overcome the psychological barrier of $ 2 thousand. Its growth is associated with the jump in BTC, the rapid development of the decentralized financing market and the interest of institutional organizations.

text: Ivan Malichenko, photo: Shutterstock, graphic: TradingView

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