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).
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).
BTC is close to becoming a trillion-dollar asset! 💰
The trillion $ benchmark will be hit at $ 53,670 given the current circ. supply.
If BTC reaches a trillion-dollar mcap today, BTC’s fully diluted mcap will surpass the combined mcap of Visa, Paypal, and Mastercard. pic.twitter.com/lcgC0stesX
– Arcane Research (@ArcaneResearch) February 19, 2021
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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