Bitcoin’s market cap breaks $1 trillion after tripling in three months
Bitcoin’s market cap has broken above $1 trillion for the first time, signaling growth of more than 900% in less than one year. Bitcoin has rallied into new all-time highs above $53,700, pushing its market cap above $1 trillion for the first time.Bitcoin’s late 2020 rally appeared to be sparked by an unprecedented wave of demand from institutions and billionaires, with the trend set after the world’s largest publicly traded business intelligence company, MicroStrategy, revealed it had converted $250 million of its treasury into BTC on Aug. 11.BTC/USDT daily chart. Source: TradingViewBy the....
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Bitcoin’s market capitalization has crossed the $1 trillion zone after the price per coin surpassed $53,650 per unit. The valuation comes 145 months after the launch of the Bitcoin network on January 3, 2009. ‘The First Trillion Is the Hardest’ The price of bitcoin (BTC) has surpassed the territory needed to have a $1 trillion market capitalization. The valuation is a milestone to many crypto supporters who have rallied for the leading currency for the last decade. For the last two weeks, digital currency advocates discussed BTC’s slow and steady approach toward the....
A report by Denmark-based Saxo Bank claims bitcoin’s price could rise by 165% to more than $2,000 due to an economic stimulus expected from incoming President Trump. The bullish bitcoin outlook is one of 10 Saxo Bank “Outrageous Predictions for 2017.” Central banks may be about to give up on qualitative easing and negative interest rates, but they are far from being finished with intervention and distorting the allocation of capital and the price of money, according to Steen Jakobsen, CIO. This is not Saxo Bank’s official outlook for 2017, the company noted in the report, but the events....
Bitcoin neared its all-time high price once again this week and its market cap returned to the major milestone of $1 trillion.
Since November 2021, when it reached a record peak, the market capitalization of all cryptocurrencies has decreased by more more than $1.5 trillion, with Bitcoin shedding more than 60 percent of its value in just six months. According to data from CoinMarketCap, the Bitcoin price increased by more than 10 percent in the last 24 […]
The crypto asset just won over the won. The market capitalization of Bitcoin recently rose above $1 trillion once again. Now the asset has surpassed the total market cap of the South Korean won.According to data from AssetDash, the Bitcoin (BTC) market cap is $1.057 trillion at time of publication. This exceeds the money supply of the South Korean won, which was estimated to be 1,178,748,600,000,000 KRW as of December 2020, and is currently valued at roughly $1.04 trillion. Bitcoin’s market cap rose above $1 trillion for the first time in February following the announcement that Tesla had....