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Bitcoin capitalization approached $1 trillion


February, 19 2021
watermark Economic news

The bitcoin rate continues to update historical highs, and the cryptocurrency capitalization is approaching $1 trillion. According to the trading data, on Friday, the bitcoin rate rose to $53,250.


The capitalization of the digital currency since the beginning of 2021 has grown by almost $440 billion and, according to experts, is $979.9 billion.At the same time, the index of four cryptocurrencies calculated by Bloomberg (Galaxy Crypto Index), which includes bitcoin, has more than doubled this year.


Such a rapid rise in the value of cryptocurrency is caused by the high interest in it from institutional investors, as well as companies that consider cryptocurrency as a hedge against inflation risks. An additional factor in the price hike is the periodic mentions of #bitcoin by Tesla CEO Elon Musk on his Twitter account.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.