Bitcoin Extends Record-Breaking Rally Above $73,000, Targets $1.5 Trillion Value – TradingView News

Illustration by TradingView

OG crypto shows no signs of stopping on its way to a $1.5 trillion market cap with prices tripling in a year.

Important points:

• Bitcoin hits new record high of $73,800.
• The markets celebrate four record closing highs.
• BTC is $60 billion away from $1.5 trillion.
• Bitcoin prices BTCUSD Early Thursday we continued marching further and reached another milestone. The orange token cost $73,000 apiece and rose to a new record high of $73,800 before falling slightly. The markets have recorded a whopping 65% increase so far this year.
• And lots of records too. On March 5, Bitcoin surpassed its 2021 record of $69,000. With the “No Days Off” mentality, the cryptocurrency has since hit four record closing highs as digital asset enthusiasts are not afraid to come out on top to buy and maintain the momentum.
• The ongoing upward trend was supported by the flood of good news in the Bitcoin ecosystem. Even before the SEC gave the green light to the first spot Bitcoin ETFs, the token was already in full swing. Traders increased their long bets after the new investment vehicles began consuming billions. Now Bitcoin is approaching a market value of $1.5 trillion.

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