Bitcoin‘s market capitalization was less than $100 million short of $1 trillion briefly on Friday 12. Its market capitalization has surpassed $900 billion as Bitcoin prices hit record highs.
Bitcoin price on Bitstamp, one of the oldest Bitcoin exchanges, hit a high of $49,000, resulting in a market capitalization of $912.69 billion. Bitcoin prices are currently $47,745 per coin, up 5% in the last 24 hours and 28% in the last 7 days.
A market capitalization of $900 billion means an additional $354 billion in market capitalization in 2021 alone.
Bitcoin currently accounts for 61% of the market capitalization of all cryptocurrencies. The total market capitalization of cryptocurrencies was $1.436 trillion, an increase of 88.5% from the beginning of 2021.
Bitcoin is currently the
In terms of GDP, Bitcoin’s $900 billion is between Mexico ($1.4 trillion) and the Netherlands ($88.6 billion).
Investors massively buy bitcoin from crypto exchanges
Immediately after the price of bitcoin rose to $49,000, investors began to massively sell the premier cryptocurrency and transfer it to cold wallets for
In this regard, the forecast of analysts at Bloomberg, who have already stated that the price of one bitcoin can be a hundred times more expensive than gold, no longer seems so unrealistic. The cost of a troy ounce of gold is currently $ 1,828. During the day, the yellow metal gained 1.9% of its value.
The price of gold. Source: Investing.com
Recall that the founders of the Gemini cryptocurrency exchange, brothers Cameron and Tyler Winklevoss, are confident that Bitcoin can rise in price up to $500,000 per coin.
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