As of 9.37am on Sunday, the Bitcoin, which is the largest cryptocurrency in the world hit an all-time high at $58,022.48.
According to reports, this is just two days after the world’s most demanded crypto-asset breached the $1 trillion market capitalization to become the sixth most-valuable asset worldwide.
So far in the year, Bitcoin has gained 97.2% from $29,424.17 recorded as of December 31, 2020.
Meanwhile, the richest man in the world, Elon Musk, disclosed through his twitter handle that the price of the two leading cryptos seems to be in overbought territory.
However, popular American online financial advisory company, Motley Fool, disclosed that it will be investing $5 million in Bitcoins in the coming weeks using the firm’s fund.