Another dream of the “hodlers” of bitcoin came true: the capitalization of BTC exceeded $1 trillion, and the bitcoin exchange rate rose to $54,500.
The total capitalization of the cryptocurrency market has also updated the maximum and now amounts to more than $ 1.65 trillion. According to various experts, the value of all money in the world is about $95 trillion, more than 1% of which is now accounted for by bitcoin. For people who have been part of the cryptocurrency world since its inception, the market capitalization of bitcoin has come a long way over 11 years to reach the round mark of $1 trillion. And yet, it was inevitable.
The $1 trillion mark has been an important and expected psychological barrier for several years, and its overcoming can be regarded as a sign of the maturity of bitcoin and the cryptocurrency market. This will provide support for bitcoin, paving the way for its development. Now bitcoin can rightfully be called the first international alternative asset that does not depend on any state or government.
Recall that in early January, the market capitalization of all cryptocurrencies reached $1 trillion for the first time. Today, this figure has exceeded $1.65 trillion, and this is not the limit, given that the” bullish trend ” of bitcoin continues. The example of bitcoin is followed by altcoins – ether is already close to $2000. And the internal coin of the Binance cryptocurrency exchange-BNB-grew by more than 60% in a day and for the first time exceeded $300.