Bitcoin surpasses $57,000 for the first time in 3 years!

The price of Bitcoin climbed above $57,000 as Asian markets opened. This figure also marks the highest level Bitcoin has seen since 2021.

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Bitcoin has reached the $57,000 level for the first time since late 2021.

The digital asset rose 4.4% to reach $57,039, and was trading at $56,473 as of 10:22 AM in Singapore on Tuesday.

According to a report by Bloomberg HT; the upward movement was driven by MicroStrategy's announcement that it had acquired 3,000 bitcoins with a $155 million investment.

The price of Bitcoin has increased by 33% since the beginning of the year, sustaining a prolonged rally that has also fueled speculative appetite for smaller tokens such as Ether and BNB.