BTC/USD: Bitcoin Extends Record-Breaking Rally Beyond $73,000, Eyes $1.5T in Value

OG crypto is showing no signs of stopping on the way to $1.5 trillion in market cap with prices tripling in a year.

Key Points:

• Bitcoin sets new record high of $73,800.
• Markets cheer four record closing highs.
• BTC is $60B away from $1.5T in value.
• Bitcoin prices BTCUSD kept marching higher early Thursday punching through yet another milestone. The orange token claimed $73,000 a piece and spiked to a fresh record high of $73,800 before coming down a bit. Markets have enjoyed a whopping 65% gain on the year so far.
• And lots of records too. On March 5, Bitcoin topped its 2021 record of $69,000. Riding the “No Days Off” mentality, the crypto has notched four record closing highs since then as digital-asset enthusiasts are not scared to buy at the top and keep the momentum going.
• The continued upside has been supported by the flurry of good news in the Bitcoin ecosystem. Even before the SEC gave the go ahead to the first spot Bitcoin ETFs, the token was already in full flow. Traders ramped up the long bets after the new investment vehicles started soaking up billions. Now, Bitcoin is closing in on $1.5 trillion in market value.