Bitcoin Reaches $60,000 For The First Time
-Bitcoin was bullish on Saturday afternoon, causing the coin to cross $60,000
-The reach represents a new milestone for the flagship cryptocurrency
-The digital currency giant now has a market cap of $1.015 trillion
HODL has been the word on the lips of every BTC trader for the past few days and those who held will be glad that they did.
BTC went bullish on Saturday afternoon, a push that was enough to see the crypto king reach a new all-time high of $60,000.
The world’s most popular cryptocurrency started the day at $56,780 before pushing past its previous ATH of $58,352.
The entire market cap of the crypto asset currently stands at $1.015 trillion.
Investments in the flagship cryptocurrency have been crucial to the growth of the coin which was worth around $3,800 exactly a year ago.
In other news: Elon Musk has been sued by a Tesla shareholder
The growth of Bitcoin is likely to attract new investors who see it as an opportunity for profit and a hedge against inflation.
Since the launch of the digital currency in 2009, more than 18.6 million btcs have been created.
At the time of this article, Bitcoin is exchanging hands at $59828.
Follow Naija.fm on our social media handles Facebook, Instagram, and Twitter to keep up with trending news, breaking news, entertainment news, and hot gist.
