Breaking: Bitcoin price breaches $55,000 for the first time ever

Bitcoin price has just climbed above $55,000 across all exchanges for the first time in history.
The digital asset has reached a market capitalization of $1.03 trillion.
Despite the massive surge, many on-chain metrics suggest that the flagship cryptocurrency can rise even higher.

FXStreet Team FXStreet

Bitcoin price has just hit $55,000 for the first time ever in what seems to be an unstoppable rally towards $100,000. The digital asset is trading at $55,152 at the time of writing and encounters no clear barriers ahead.

The digital asset has also reached a $1 trillion market capitalization for the first time ever which puts it in the top 5 of the list of largest companies by market capitalization close to Google's $1.4 trillion market cap.

BTC/USD 4-hour chart

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FXStreet Team

FXStreet

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.