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Home / Market News / 

Bitcoin Breaks Through $55,000 as Risk Appetite Revives

Bitcoin Breaks Through $55,000 as Risk Appetite Revives

B

Bloomberg | 2021/03/12

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Bitcoin pared its rally this week after briefly climbing past $55,000 amid ongoing speculation about whether the largest cryptocurrency can test the record it set last month.

The token fell as much as 2.1% and was trading at about $53,500 as of 12:01 p.m. in Hong Kong. It remains on track for a second straight weekly advance, bouncing back from a rout at the end of February.

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