Bitcoin Market Cap Surpasses $1 Trillion After 2 Years — That's Bigger Than GDP Of Netherlands, Switzerland Or UAE
Portfolio Pulse from Mehab Qureshi
Bitcoin (BTC) has surpassed a $1 trillion market cap for the first time since December 2021, trading at $52,243, a 1.36% increase over the last 24 hours. This surge follows the launch of spot Bitcoin ETFs, which have seen over $3 billion in net flows in their first month. Bitcoin's market cap now exceeds the GDP of countries like the Netherlands and Switzerland, and surpasses the valuation of major corporations such as Berkshire Hathaway and Tesla.
February 15, 2024 | 10:36 am
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Bitcoin's market cap surpasses $1 trillion, trading at $52,243 with a 1.36% increase in 24 hours, following the successful launch of spot Bitcoin ETFs.
The significant increase in Bitcoin's market cap to over $1 trillion, driven by the successful launch of spot Bitcoin ETFs and a surge in trading price, indicates a strong positive momentum for Bitcoin in the short term. The surpassing of major corporate valuations and national GDPs further highlights Bitcoin's growing financial influence and investor interest, likely contributing to its upward price trajectory.
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