Bitcion (BTC/USD) tops $57,000, Elon Musk says price seems high

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Bitcoin has been extending its upwards move over the weekend. After the granddaddy of cryptocurrencies reached a market capitalization of $1 trillion, it has hit a new peak of $57,663, as quoted on Coinbase. 

Elon Musk, founder of Tesla – and Dogecoin enthusiast – has tweeted that prices of both BTC and Ethereum (ETH) “seem high.” 

Earlier on, the world’s second-richest person said that digital coins are a “less dumb” version of cash. Apart from Musk, institutional interest from others such as Mastercard, BNY Mellon and Morgan Stanley has one of the critical upside drivers for BTC.

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