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Breaking: Bitcoin price breaches $55,000 for the first time ever

  • Bitcoin price has just climbed above $55,000 across all exchanges for the first time in history.
  • The digital asset has reached a market capitalization of $1.03 trillion.
  • Despite the massive surge, many on-chain metrics suggest that the flagship cryptocurrency can rise even higher.
Breaking: Bitcoin price breaches $55,000 for the first time ever
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price has just hit $55,000 for the first time ever in what seems to be an unstoppable rally towards $100,000. The digital asset is trading at $55,152 at the time of writing and encounters no clear barriers ahead. 

The digital asset has also reached a $1 trillion market capitalization for the first time ever which puts it in the top 5 of the list of largest companies by market capitalization close to Google's $1.4 trillion market cap. 

btc price

BTC/USD 4-hour chart

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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