A significant amount of investor purchases caused Bitcoin to reach its highest point in two years on Tuesday. 

Ether, a competitor that operates in a more limited market segment, has surpassed $3,200 for the first time since in the year 2022.  

Bitcoin surged over 10% in two sessions following MicroStrategy's acquisition of 3,000 bitcoins for $155 million. 

Exchange-traded funds (ETFs) holding bitcoin in the US have also supported the primary and most valuable cryptocurrency. 

Bitcoin reached a peak of $57,036 during the Asian morning, marking its highest value since late 2021. 

Bitcoin increased by 32% in value in February, on track for its biggest monthly gain since January 2023. 

The decline in the value of the dollar on Monday and Tuesday coincided with the strong performance of bitcoin cryptocurrencies.  

Bitcoin prices surged today, reaching their highest value since November 2021, due to "unprecedented" bullish factors.