Bitcoin has staged a resurgence in recent days, rising above $52,000 for the first time in more than two years.
The flagship cryptocurrency was down a little bit on Friday morning to about $51,800, although it is up more than 7.2% from just five days ago. Since the start of the new year, bitcoin has grown more than 17% in value. It is now the highest it has been since the end of 2021, shortly after it broke its all-time high.
The rally builds upon what was a very solid 2023 for the digital asset space. Over the past year, bitcoin investors have seen gains in excess of 120% — meaning their investments far outpaced traditional assets such as stocks.
Notably, this week, bitcoin’s market capitalization also eclipsed $1 trillion for the first time since late 2021. As of
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