Bitcoin has surpassed the magical $50,000 barrier.
It feels surreal, but then again, so it did when Bitcoin first hit $10,000 back in 2017 and $20,000 in 2020. The digital currency, often dismissed as a bubble, just keeps coming back.
Bitcoin’s total market cap — the collective value of all the bitcoins in existence — is dangerously close to reaching 1 trillion dollars. It currently sits at more than $930 billion, according to cryptocurrency price tracking site CoinGecko.
Despite the constant price rise over the years, Bitcoin is still highly volatile. The price of one bitcoin briefly reached $50,689 on the popular exchange Binance, but it plummeted just as fast, and is sitting at around $49,500 at writing time. Read more…
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