Bitcoin surpasses $1 trillion market cap and hits two-year high

Bitcoin's market capitalization has surpassed $1 trillion for the first time since late 2021, as per CoinMarketCap data. Additionally, the cryptocurrency surged past the $51,000 level, reaching a price not seen since December 2021.

Bitcoin's market capitalization 

At 6:15 a.m. ET, Bitcoin was trading at around $51,229, signifying a 3% increase from its price 24 hours prior, according to CoinDesk data.

The cryptocurrency's upward trajectory, which began in January last year, has seen it gain over 21% in value this year alone.

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