The price of bitcoin briefly rose above $ 55,000 again

The price of bitcoin briefly rose again above USD 55,000 (EUR 46,241.80) in the middle of the week. It was mainly supported by an increase in investors' risk appetite. Later, however, bitcoin lost its profits. Around noon, the most famous and largest cryptocurrency was traded in Hong Kong with a loss of 2.1% of about $ 53,500. It is still in full force compared to the beginning of the week and is recovering from the weakening at the end of February. "I wouldn't be at all surprised if the price hit the February record of $ 58,350," said Chris Weston, an analyst at Pepperstone Group. Cryptocurrencies are supported by the growing interest of institutional investors. New incentives in the US are also expected to support financial markets, which also has a positive impact on cryptoactive assets. The market capitalization of bitcoin on Tuesday exceeded the USD 1 trillion mark for the second time, for the first time it managed for a few days on February 19, later it fell below this limit again. Despite currently hovering below a record high of $ 58,332.35, bitcoin has strengthened sharply, improving by more than 80% since the beginning of the year and 570% over the past 12 months.