Bitcoin stock surpasses €55,000 mark admin March 26, 2024

Bitcoin stock surpasses €55,000 mark

Bitcoin’s stock has skyrocketed to its highest levels since 2021, inching closer to shattering a two-year record.

The flagship cryptocurrency has surged past the €55,000 ($60,000) milestone, marking its first foray above this threshold since November 2021, when it reached an all-time high of what would now equate to over €60,000 ($68,991).

With a remarkable 43% increase since the year began, Bitcoin now boasts a market value approaching $1.3 trillion.

This remarkable growth is largely attributed to the US Securities and Exchange Commission’s green light for the launch of exchange-traded funds (ETFs) holding the cryptocurrency.

The positive momentum has extended beyond Bitcoin itself. Bitcoin proxy Microstrategy has experienced a 10% surge, while shares of crypto exchange Coinbase have climbed over 4%.

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