02-20-2021, 01:23 PM
- Bitcoin’s market value surpassed $1 trillion on Friday, according to Coindesk.
- The digital currency was trading at just under $54,000 per coin as it hit the new level.
![[Image: 106842942-1613761892923-newplot_-_2021-0...=740&h=474]](https://image.cnbcfm.com/api/v1/image/106842942-1613761892923-newplot_-_2021-02-19T141028037.png?v=1613761903&w=740&h=474)
The price of bitcoin crossed another major milestone Friday, as the cryptocurrency’s market value surpassed $1 trillion, according to Coindesk.
The digital currency was trading at just under $54,000 per coin Friday as it hit the new level, and rose above $55,000 later in the session for a daily gain of more than 6%, according to Coin Metrics. The price of bitcoin has now gained about 360% over the past six months. Before the recent surge, the digital asset has never traded above $20,000.
- More -