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Witnessing the digital breakthrough

Bitcoin Price Surpassed $56,000, market capitalization – $1 Trln

20 February 2021 16:30, UTC
Bitcoin Price Surpassed $56,000, market capitalization – $1 Trln
By Anna Martynova

The world's most popular cryptocurrency, Bitcoin, rose to a record high of $56,620. Bitcoin has grown by 92% this year and by 18% in a week.

Bitcoin's success is driven by evidence that it is gaining acceptance from major investors and companies such as Tesla Inc, Mastercard Inc and BNY Mellon. Now that bitcoin has secured its trillion dollar asset status among companies like Amazon, Apple, and Google, traditional banks are showing a growing interest in offering cryptocurrency storage services to their customers.

According to Treyce DAHLEM, an analyst at TheTIE, conversations on social media, using the word bitcoin as a key word, have increased by 38% since February 18. Over 102,000 tweets have been sent in the last 24 hours.

Image: Information Age



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