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Bitcoin quotes rose above $ 53,000, asset capitalization reached $ 1 trillion

On Friday, February 19, the first cryptocurrency rate surpassed the $ 53,000 mark, renewing all-time highs.

Update: the price continued to grow and the capitalization of bitcoin reached the landmark level of $ 1 trillion (CoinGecko).

Data: CoinGecko.

ArcaneResearch analysts previously estimated that this would happen when quotes reach $ 53,670. At the time of writing, the coin is trading at about $ 53,700 (on Bitstamp).

Data: TradingView.

The psychological level of $ 50,000 bitcoin broke through on February 16. The very next day, the price reached $ 52,000.

Against this backdrop, JPMorgan analysts suggested that digital gold will not be able to maintain the taken levels due to high volatility.

Cryptocurrency market capitalization exceeded $ 1.65 trillion. It is roughly on par with Amazon. Only three companies in the world have a higher market valuation: Saudi Aramco, Apple and Microsoft.

With the exception of Cardano, all top 10 cryptocurrencies in terms of capitalization have shown growth in the last 24 hours. Binance Coin had the fastest, which allowed the token to climb to the third line of the rating in terms of aggregate market value.

Recall, despite the pessimism regarding the short-term prospects for bitcoin quotes, investment director of Guggenheim Partners Scott Minerd revised his long-term forecast to $ 600,000.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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