April was a notable month for bitcoin as it jumped to a record high of $64,863.10 on April 14, the same day that Coinbase, the largest cryptocurrency exchange in the US, began trading as a public company.
Among the most high-profile backing of bitcoin so far in 2021 came from Tesla as the electric vehicle maker said it will accept the digital token as payment.
In April, bitcoin surpassed $1 trillion in market capitalization, reaching that milestone just 12 years after it began trading and in a shorter time than mainstream, traditional assets, according to research from CryptoParrot.
“Bitcoin’s significant trading volume against Apple shows the digital currency is now competing with established traditional asset classes.