- The value of all bitcoins in circulation, or market capitalization, rose above $1 trillion on Wednesday for the first time since late 2021, according to data from CoinMarketCap.
- Bitcoin also broke $51,000, reaching that price for the first time since December 2021.
- The price increase continues a rally that began in January last year. This year alone, Bitcoin is up more than 21%.
The value of all bitcoins in circulation, or market capitalization, rose above $1 trillion on Wednesday for the first time since late 2021, according to data from CoinMarketCap.
The cryptocurrency also broke $51,000 during the day, marking the first time it has reached that price since December 2021.
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According to CoinDesk data, Bitcoin was trading at around $51,229 as of 6:15 a.m. ET, up about 3% from the price 24 hours earlier.
The price increase continues a rally that began in January last year. This year alone, Bitcoin is up more than 21%.
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