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Tuesday

02 March 2021

New Record: Bitcoin’s Market Capitalization Exceeds $1 Trillion

New Record: Bitcoin’s Market Capitalization Exceeds $1 Trillion


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The Bitcoin price is now steady above $54.3k.

For instance, in the last two weeks, the Bitcoin price has been on an absolute tear, defying gravity and breaking above the $50k level for the first time in 2021.

The coin’s market price has more than doubled after breaching 2017 highs of $2019.

Considering the more than tripling of BTC prices from early May 2020, most miners are in, nonetheless, in blue.

In H2 2020, Square said allocated $50 million of its cash reserves to Bitcoin as a cushion against possible consumer price expansion.

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