The world’s most demanded crypto-asset, some hours ago, broke a very important milestone. With the price of Bitcoin breaching $55,000, Bitcoin’s market value has now breached $1 trillion.

Many crypto experts argue that this could be Bitcoin’s most important milestone to date, as it is now the sixth most-valuable asset worldwide. At press time, the world’s most valuable crypto asset traded at $56,434.8, up 10.01% on the day. It was the biggest one-day percentage gain since February 8.

The buying pressure sighted on Bitcoin pushed its market value up to $1,047.9 billion or 61.52% of the total cryptocurrency market value. At its highest, Bitcoin’s market cap was $1,038.9 villion.

With a trillion dollars to its name, Bitcoin has now joined the highly prestigious club of trillionaires, that includes the likes of Apple, Saudi Aramco, Microsoft, Amazon, and Alphabet A.

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Bitcoin had been trading between $55,415.1 and $56,552.6 for the day.

Over the past week, The flagship crypto asset has seen a rise in value, as it gained 18.5%. The volume of Bitcoin traded for the day to the time of writing was $64.7 billion or 38.41% of the total volume of all crypto assets.

There is no doubt, 2021 continues to shape up as a very exciting year for Bitcoin. The flagship crypto has gotten more credibility in recent days due to blue-chip companies like Mastercard and America’s oldest bank, BNY Mellon, showing support for it.

Mastercard had earlier disclosed that it would open up its network to some cryptocurrencies including Bitcoin.