Bitcoin is back in the $1 trillion club
Bitcoin’s market cap once again surpassed the $ 1,000 billion mark as the benchmark cryptocurrency’s price exploded much higher.
The world’s biggest cryptocurrency achieved the major milestone for the first time on Feb. 19.
Earlier today, BTC hit $ 55,499 on the Bitstamp exchange, its highest level since May 12, the day Tesla CEO Elon Musk announced that Tesla would stop accepting Bitcoin payments in due to climate concerns.
The ongoing rally appears to be mainly Bitcoin-centric, with Ether and other leading altcoins so far failing to catch up with its impressive gains.
The ETH / BTC pair is down more than 4% in the past 24 hours.
Bitcoin is up roughly 30% over the past week.
