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Bitcoin Surges Above $57,000 Nearing its All-Time Record High

M. Ali 12 March, 2021 3:03 am Cryptocurrency, Market Update

Bitcoin rose on Thursday by more than 2%, amid expectations that increased stimulus spending in the United States could help raise demand for the world’s largest cryptocurrency in terms of market capitalization.

The digital currency is re-approaching its all-time high of $58,350, which it reached on February 21.

Bitcoin is trading higher for the day by about 2.05% at $57,965.08, extending its gains over the past seven days to about 19.77%.

Year-to-date (YTD), Bitcoin has surged by more than 97%, as it started 2021 below $30,000

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