Bitcoin has hit a new ATH and its market cap also reached $1 trillion for the first time
by Rushali 
Continuing the bull run, bitcoin has hit another all-time high. In the early trading hours on Saturday BTC touched $56368 and also its market capitalization touched $1 trillion for the first time in history.
With the support of companies like Tesla, Apple, Google, etc the cryptocurrency has proved that it is the most valuable asset of all time.
According to Treyce Dahlem, an analyst at The TIE, the number of social media users talking about bitcoin has reached a new all-time high of 38500 that is around 325% more than a year ago.
Not only bitcoin and ether many other coins are also following the same steps. Binance coin has reached a new high of $348.72. It benefited from the growing influence of the Binance Smart Chain (BSC).
Defi-related projects like PancakeSwap (CAKE) and Venus (VXS) are two of the top attractions on the BSC and both hit new highs at $20.62 and $101.50 respectively.
While the traditional market has ended the week on a flat note. The NASDAQ finished the day up 0.07% while the Dow was flat. The S&P 500 declined by 0.19%.
This bullish movement is likely to continue throughout the weekend. With the institutional investors still interested in the crypto market, It will be interesting to see how much the cryptocurrencies will rise.
