For the first time, Bitcoin touched the $1trillion market cap after a month that saw its value jump more than 60 percent.
The digital currency hit the mark when it touched $54,000 thanks to significant investments from firms like Mastercard, Tesla, and BNY Mellon.
According to Ava Trade’s chief analyst, Naeem Aslam, BTC touching the trillion-dollar mark is the most exciting news in 2021 for crypto lovers.
“This was long-awaited, and the truth is digital currencies are just ten times away from exceeding the gold market limit. This new cap shines a beam of hope on the sector and may not have been reached without smart money. The integration of payment avenues is a crucial driving factor for BTC’s increasing value, and we may see more interesting news.”
Most investors and market experts remain cynical of the less controlled and … Read the rest