Bitcoin Hits $51,000, Market Cap crosses $1 Trillion in Rally!

Bitcoin recently surged past $51,000 in a significant cryptocurrency rally, with Ether also climbing back to its pre-collapse levels. This year, Bitcoin has gained 21%, pushing its market value over $1 trillion for the first time since December 2021. Ether rose by 4.1%, and other cryptocurrencies like Avalanche, Polkadot, and Polygon also saw gains. Despite higher-than-expected US inflation, the digital asset recovery continued, helped by the launch of US Bitcoin ETFs. However, some analysts think the rally might slow down soon. The upcoming Bitcoin halving in April, which will reduce its supply, could support prices. Bitcoin has tripled in value since last year, and traders are betting it could reach new highs beyond the record set in November 2021.