Bitcoin price above $ 56 thousand and capitalization of $ 1 trillion confirm its recognition by investors

The price of bitcoin overnight crossed the $ 56 thousand mark amid increased interest from investors, strengthening its status as one of the most valuable assets today.

Over the past 24 hours, the BTC rate has changed several timesrose above $56 thousand, but all these breakthroughs were short-term in nature. Around 4 am, it was able to briefly reach $56,620, which became a new all-time high. Although the subsequent correction slightly reduced the price, the bulls continue to control the situation, holding the rate above the psychological level of $55 thousand. At the time of publication, Bitcointrading at $ 55,305 with a daily gain of 7.46%.

Despite the increase in market capitalization to$1 trillion confirmed the wide acceptance of the digital asset, analysts note that the current short-term growth is due to huge demand from large investors insuring their capital against the effects of inflation. At the same time, some traders are actively selling BTC to fix profits.

In parallel with Bitcoin, Ethereum alsosets new records. The ETH rate today has overcome the psychological barrier of $2 thousand. Its growth is associated with the jump in BTC, the rapid development of the decentralized finance market and the interest of institutional organizations.

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