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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Bitcoin capitalization exceeded $1 trillion again

March, 09 2021
watermark Economic news

In the morning trading session on Tuesday, bitcoin rose to $54348.57, reaching a 24-hour high. At the same time, the market capitalization of the cryptocurrency rose again above the $  trillion level.


After that, bitcoin lost some of its achievements and the current quotation of the digital asset is $54185.


Note that recently, bitcoin has experienced a dizzying rally: since the beginning of 2021, it has grown by more than 80%, and over the past 12 months, it has risen by more than 570%. It was also at an all-time high of $58,332.36.


There are several reasons behind Bitcoin's rise, including the investment in this digital currency by large investors and significant purchases by corporations such as Tesla, Square, and MicroStrategy Incorporated.


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Risk Warning:
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.