Bitcoin market could hit $1 trillion this year with bitcoin surging to $50,000

Cryptocurrencies could go on the bull run higher than recently and pass the trillion-dollar mark in terms of value, experts told CNBC, after a recent violent sell-off across digital coins. Bitcoin has seen a massive fall in recent days, dropping below $6,000 initially since mid-November. On Wednesday, it absolutely was trading higher than the $7,000 level because cryptocurrency market stabilized.