Bitcoin, which leads the cryptocurrencies by market capitalization, has climbed the ladder to become one of the world’s top assets and demonstrated its position in financial markets.
Bitcoin market capitalization approaches $1 trillion
according to long list In the ranking of all assets, including public companies, precious metals, cryptocurrencies, and ETFs, Bitcoin rose to 10th place. This was preceded only by gold, silver, and some top technology companies such as Microsoft, Apple, and Amazon.
The ranking puts Bitcoin ahead of Elon Musk’s Tesla, payments giant Visa, and even banking giant JP Morgan. Bitcoin reached this milestone with a market capitalization of approximately $1 trillion, and the current coin price is $48,179. To be precise, the market capitalizations of Bitcoin, Tesla, Visa, and JPMorgan are $947.07 billion, $616.47 billion, $567.8 billion, and $503.45 billion, respectively.
The next cryptocurrency is Ethereum, which ranks quite low at number 36 out of 100 currencies.
Gold tops the list with a market capitalization of $13.6 trillion. Notably, the market value of gold is currently around $2,039, down 0.45% overnight.
Over the past few days, Bitcoin has been showing positive sentiment suggesting a bull market. Market observers and analysts are also optimistic about the coin’s potential to reach new highs during this ongoing bull market.
Lofty Prediction BTC Price Prediction
As reported by Coinape, CryptoQuant CEO Ki Young Ju recently expressed his bullish stance on X Bitcoin price.
he went that far Projected 160% increase He said he expects Bitcoin to reach $112,000 this year, or at least $55,000. Young Ju’s sentiment is driven by the huge inflows the spot Bitcoin ETF market has seen over the past month. So far, this ecosystem has recorded inflows of up to $9.5 billion, among other large-scale grayscale outflows.
Similarly, prominent crypto analyst StockMoney Lizards said that a new floor price for Bitcoin could have reached $40,000. He derived his declarations from specific patterns he studied, including popular ones. Bitcoin halving event. Lizard acknowledged that Bitcoin halving always precedes a bull market.
Based on past trends, the next halving event is scheduled to take place in April, so investors may be excited about Bitcoin’s future prospects after the halving. The previous price change was Decline before halvingby now you may be done seeing the coin perform better than before.