Bitcoin Continues to Rise Above $52,000

The Bitcoin rally continued on Wednesday, hitting a new record level and exceeding the $52,000 level for the very first time.

The world’s largest digital currency in terms of market capitalization is currently up by 7.18% at $52,137.4, extending its gains over the past seven days to 16.11%.

Year-to-date, the gains of the biggest cryptocurrency is up by about 80%.

Last year, Bitcoin rose by about 300%.

The recent surges in Bitcoin to unprecedented all-time highs come on the back of increased demand from institutional investors.