Bitcoin Clings To All-Time High Of $ 57,000 As Institutional Investors Flock

Bitcoin is on the rise again. Yesterday the boom cryptocurrency hit a new record of $ 57,000, a rally that has not abated today The price of Bitcoin comes at an exhilarating price tag of $ 57,500. It has risen 3.83% in the past 24 hours, capping a seven-day increase of 17.37%.

Bitcoin’s versatile rival, Ethereum, also hit a new ATH yesterday when it broke through $ 2,000. It has since fallen back to $ 1,969, a 2% drop in the past 24 hours. Still, that didn’t spoil its general upward trajectory; the price of the coin increased by almost 7% last week.

Who’s Talking About Bitcoin?

The biggest news to come out of Bitcoin this week is that institutional interest continues to rise after Bitcoin finally secured a market cap of $ 1 trillion. Rick Rieder, the chief investment officer of the world’s largest asset management firm BlackRock, responsible for an $ 8.67 trillion pot of assets, announced that the company now has “started dabbling»In Bitcoin.

BlackRock is also not the first high-profile asset management company to launch. Guggenheim Partners, a company with nearly $ 300 billion in assets under management, recently invested some of its private Bitcoin funds, according to its CIO Scott Minerd. Between January and February, Minerd’s Bitcoin price projection jumped from $ 400,000 at $ 600,000, up 50% in two weeks.

Crypto Evangelist and MicroStrategy CEO Michael Saylor Also Announced Debt Sale $ 1.05 billion in debt securities to fund new investments in Bitcoin. This would add even more value to MicroStrategy’s 70,000 Bitcoins, currently valued at $ 3.7 billion.

What happens to altcoins?

Binance’s token BNB jumped on the ten regular pillars Peas, Cardano and Attached yesterday to become the third largest coin by market cap. Today, it sits at a price of $ 282.49, down 4.49%, although it is still firmly in its new seat with a 119% seven-day gain.

Polkadot The DOT is now worth $ 39.76, having increased 4.48% on the last day. Cardano ADA jumped 8%, currently valued at $ 1.14. And Uniswap UNI is up almost 20% at a price of $ 31.25.

After having aroused a funny Twitter breakdown last week between KISS bassist Gene Simmons, rapper Snoop Dogg and Elon Musk, Dogecoin moans today priced at $ 0.05479. That’s a drop of over 5% over the past 24 hours. Lots of drop. Very ow!