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Bitcoin’s market capitalization has once again crossed the $1 trillion mark, with the benchmark cryptocurrency price climbing much higher.
The world’s largest cryptocurrency made its first major milestone on February 19.
Earlier today, BTC reached $55,499 on the Bitstamp exchange. This is the highest level since May 12, the day Tesla CEO Elon Musk announced that Tesla will stop accepting Bitcoin payments due to climate concerns.
The continued rally appears to be mainly Bitcoin-centric, as Ether and other leading cryptocurrencies have so far failed to catch up with their impressive gains.
The ETH/BTC pair is down more than 4% in the past 24 hours.
Bitcoin is up nearly 30% over the past week.