The capitalization of Bitcoin again exceeded $ 1 trillion.
Over the past 24 hours, the value of the cryptocurrency has jumped another 7%. Thus, the capitalization of BTC has exceeded $ 1 trillion for the second time in its history.
Recall that for the first time the value of all bitcoins on February 19 increased to $ 1 trillion, and the price of the coin reached $ 58,332 that day. Then a painful pullback followed. The coin experienced the most shocking daily drop amid massive liquidation of positions on crypto exchanges.
However, support soon returned and bitcoin was able to resume its expansion. In 2021, the BTC rate increased by 80%, and in annual terms, the value of the cryptocurrency added 570%.
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Currently, the largest digital currency holders are such giants as Tesla, Square, and MicroStrategy. Recently it became known that Hong Kong-based app developer Meitu has also invested in bitcoin.
Altcoins are also gaining in value today. At the time of this review, Ether (ETH) and Binance Coin (BNB) were trading slightly above $ 1,822 and $ 272, respectively.
Litecoin (LTC) and Cardano (ADA) rose more than 9% to $ 1.21 and $ 199. Cryptocurrency market capitalization is approaching $ 1.7 trillion.