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

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.