- On February 14, bitcoin capitalization exceeded $1 trillion.
- This happened against the background of a new jump in the price of the asset.
- The asset is still in the top 10 positions in terms of capitalization.
On February 14, 2024, bitcoin’s capitalization exceeded $1 trillion, according to CoinMarketCap. This happened for the first time since December 2021.
The jump in the indicator occurred against the backdrop of an increase in the price of the asset. On February 14, the bitcoin exchange rate crossed the $51,000 mark.
At the time of writing, the capitalization of the coin is $1.012 trillion and continues to grow:
For the week, the increase in this position reached 19.81%, according to TradingView. At the time of writing, the asset is trading at $51,646:
Bitcoin is among the top 10 positions/contributors in terms of capitalization, according to the Companies Market Cap portal. It has surpassed companies such as Visa, Tesla, and Berkshire Hathaway:
This is not the first time this has happened. In December 2023, the asset also entered the top 10, and in January 2024, it surpassed Meta in terms of capitalization.
Earlier, Truflation experts said that high-risk assets, including bitcoin, have become more resilient to changes in the Fed’s interest rate.
Analyst Tuur Demeister, in turn, believes that the asset could reach $600,000 by 2026.
At CryptoQuant, experts pointed to the risk of correction in the short term amid possible profit taking by investors.
