Bitcoin regains $1 trillion market cap as the cryptocurrency hits over two-year high – NBC 7 San Diego

• The worth of all of the bitcoin in circulation, or market capitalization, on Wednesday rose above $1 trillion for the primary time since late 2021, in response to CoinMarketCap information.
• Bitcoin additionally broke by the $51,000 stage, marking the primary time it has hit this worth since December 2021.
• The worth rise continues a rally that started in January final yr. This yr alone, bitcoin is up greater than 21%.

The worth of all of the bitcoin in circulation, or market capitalization, on Wednesday rose above $1 trillion for the primary time since late 2021, in response to CoinMarketCap information.

The cryptocurrency additionally broke by the $51,000 stage in the course of the day, marking the primary time it has hit this worth since December 2021.

Bitcoin was buying and selling at across the $51,229 mark at 6.15 a.m. ET, up round 3% from its worth of 24 hours prior, in response to CoinDesk information.

The worth rise continues a rally that started in January final yr. This yr alone, bitcoin is up greater than 21%.

This can be a breaking information story. Please test again for extra.