Bitcoin tops $57,000 mark for first time since late 2021

The digital asset added as much as 4.4% to reach $57,039 before paring some of the jump to trade at $56,473 as of 10:22 a.m..

Bitcoins price has increased 33% since the turn of the year, extending a prolonged rally that has also stoked speculative appetite for smaller tokens like Ether and BNB.ReutersOther cryptocurrencies followed suit, with tokens for Solana and Poly each rising more than 5%..

A net $5.6 billion has poured into a batch of landmark Bitcoin ETFs that began trading in the US on Jan. 11, signaling a widening of demand for the token beyond committed digital-asset enthusiasts..

The combined value of digital assets now stands at roughly $2.2 trillion, according to CoinGecko, compared with a low of about $820 billion during the bear market of 2022 when FTX and other crypto platforms collapsed...

The positive sentiment spread to Asian stocks related to digital assets, including advances Tuesday in companies such as Japans Monex Group and Woori Technology Investment Co. in South Korea.. (You can now subscribe to our ETMarkets WhatsApp channel)..

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