The largest cryptocurrency on the market, Bitcoin (BTC), reached a significant milestone on February 14, surpassing $1 trillion in market value. Bitcoin’s circulating supply reached this milestone after its price surpassed $51,000 recently.
Currently, the market capitalization of the first cryptocurrency is $1,019,624,050,081. Furthermore, the total cryptocurrency market capitalization just surpassed $2 trillion, as noted by cryptocurrency analytics platform IntoTheBlock.
The total crypto market cap just broke $2 Trillion! pic.twitter.com/0coupwVFCs
— IntoTheBlock (@intotheblock) February 14, 2024
The milestone is important in the cryptocurrency industry as it highlights the evolution of digital currencies, especially with the increased influence and adoption of Bitcoin on the global financial scene. Action was driven by catalysts such as increased institutional interest, increased investor participation, in addition to growing recognition as a store of value.
At the time of publication, the price of Bitcoin was quoted at US$51,948.25, up 6.0% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$37,921,692,107. In the last seven days, Bitcoin is up 20.2%.
Bitcoin (BTC) is now the tenth largest global asset
Given its development and significant recoveries on a recurring basis, Bitcoin (BTC) has been causing a wave of enthusiasm and confidence among its supporters and cryptocurrency investors. Recently, the largest cryptocurrency on the market became the tenth largest asset in the world. With this, Bitcoin surpassed giants such as Berkshire Hathaway, Tesla and JPMorgan.
Bitcoin’s market capitalization currently stands at $938,536,162,709, reflecting an extraordinary rise for the first and largest cryptocurrency. In one year, the price of Bitcoin has appreciated by more than 100%, reaching a current increase of 131.9%.
The ranking places Bitcoin in a competition with traditional heavyweights such as gold and silver, as well as technology giants, such as Microsoft, Apple and Amazon.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/bitcoin-atinge-us-1-trilhao-em-capitalizacao-de-mercado/
