Bitcoin crosses $51,000 mark, reaches $51,111

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ISLAMABAD: The price of Bitcoin (BTC), the world’s largest cryptocurrency, set a new record price on Wednesday and reached $51,111 after gaining 3.61 percent at 1557 GMT on Wednesday. With this increase, the market capitalisation of the BTC has reached $952 billion. Bitcoin rose above its milestone price level of $50,000 and reached $50,389 earlier on Saturday. The digital asset is up fivefold over the past year, while it is up over 44 percent this month. On the other hand, Ethereum (ETH) gained 1.54 percent to reach $1,811. TLTP