{"id":36749,"date":"2021-02-19T17:52:00","date_gmt":"2021-02-19T15:52:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36749"},"modified":"2025-08-29T07:53:24","modified_gmt":"2025-08-29T04:53:24","slug":"bitcoin-climbs-above-53000-as-market-cap-reaches-1-trillion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-climbs-above-53000-as-market-cap-reaches-1-trillion\/","title":{"rendered":"Bitcoin climbs above $53,000 as market cap reaches $1 trillion"},"content":{"rendered":"<p>On Friday, February 19, the price of the leading cryptocurrency rose past the $53,000 mark, pushing to new all-time highs.<!--more--><\/p>\n<p><strong>Update:<\/strong> the price continued to rise and Bitcoin&#8217;s market cap reached the milestone of $1 trillion (<a href=\\\"https:\/\/www.coingecko.com\/en\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">CoinGecko<\/a>).<\/p>\n<div id=\\\"attachment_125442\\\" style=\\\"width: 846px\\\" class=\\\"wp-caption alignnone\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-125442\\\" class=\\\"wp-image-125442 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-420.png\\\" alt=\\\"Bitcoin prices rose above $53,000, asset market cap reached $1 trillion\\\" width=\\\"836\\\" height=\\\"484\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/1-420.png 836w, https:\/\/u1f987.com\/wp-content\/uploads\/1-420-300x174.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-420-768x445.png 768w\\\" sizes=\\\"auto, (max-width: 836px) 100vw, 836px\\\" \/><\/p>\n<p id=\\\"caption-attachment-125442\\\" class=\\\"wp-caption-text\\\">Data: CoinGecko.<\/p>\n<\/div>\n<p>\\n<\/p>\n<p>Analysts at Arcane Research previously calculated that this would occur when quotes reached $53,670. As of writing, the coin was trading around $53,700 (on Bitstamp).<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\"><p>\\n<\/p>\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">BTC is close to becoming a trillion-dollar asset!\ud83d\udcb0<\/p>\n<p>\\n<\/p>\n<p>The trillion $ benchmark will be hit at $53 670 given the current circ. supply.<\/p>\n<p>\\n<\/p>\n<p>Fun fact\ud83e\uddd0<br \/>\\nIf BTC reaches a trillion-dollar mcap today, BTC\u2019s fully diluted mcap will surpass the combined mcap of Visa, Paypal, and Mastercard. <a href=\\\"https:\/\/t.co\/lcgC0stesX\\\">pic.twitter.com\/lcgC0stesX<\/a><\/p>\n<p>\\n<\/p>\n<p>\u2014 Arcane Research (@ArcaneResearch) <a href=\\\"https:\/\/twitter.com\/ArcaneResearch\/status\/1362776629685149697?ref_src=twsrc%5Etfw\\\">February 19, 2021<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<div id=\\\"attachment_125441\\\" style=\\\"width: 1330px\\\" class=\\\"wp-caption alignnone\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-125441\\\" class=\\\"wp-image-125441 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-10-3.png\\\" alt=\\\"\u041a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u043f\u043e\u0434\u043d\u044f\u043b\u0438\u0441\u044c \u0432\u044b\u0448\u0435 $53 000, \u043a\u0430\u043f\u0438\u0442\u0430\u043b\u0438\u0437\u0430\u0446\u0438\u044f \u0430\u043a\u0442\u0438\u0432\u0430 \u0434\u043e\u0441\u0442\u0438\u0433\u043b\u0430 $1 \u0442\u0440\u043b\u043d\\\" width=\\\"1320\\\" height=\\\"414\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-10-3.png 1320w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-10-3-300x94.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-10-3-1024x321.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Bez-nazvaniya-10-3-768x241.png 768w\\\" sizes=\\\"auto, (max-width: 1320px) 100vw, 1320px\\\" \/><\/p>\n<p id=\\\"caption-attachment-125441\\\" class=\\\"wp-caption-text\\\">Data: TradingView.<\/p>\n<\/div>\n<p>\\n<\/p>\n<p>The psychological level of $50,000 <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-breaks-through-50000-as-it-hits-a-new-high\">broke through on February 16<\/a>. By the next day, the price <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-tops-52000-as-microstrategy-expands-ambitions\">reached $52,000<\/a>.<\/p>\n<p>\\n<\/p>\n<p>Analysts at JPMorgan suggested that the digital gold <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-volatility-could-prevent-bitcoin-from-holding-at-50000\">will not be able to hold the levels reached<\/a> due to high volatility.<\/p>\n<p>\\n<\/p>\n<p>The crypto market capitalization rose above $1.65 trillion. It was roughly on a par with Amazon&#8217;s value. Only three companies in the world have a larger market capitalization: Saudi Aramco, Apple and Microsoft.<\/p>\n<p>\\n<\/p>\n<p>With the exception of Cardano, all top-10 cryptocurrencies by market capitalization rose over the past 24 hours. The fastest gain was in Binance Coin, which allowed the token <a href=\"https:\/\/u1f987.com\/en\/news\/binance-coin-pushes-tether-from-third-place-in-the-market-cap-ranking-of-assets\">to rise to the third spot in the ranking<\/a> by total market value.<\/p>\n<p>\\n<\/p>\n<p>Earlier, despite near-term pessimism about Bitcoin&#8217;s prospects, Guggenheim Partners investment director Scott Minerd revised his long-term forecast to <a href=\"https:\/\/u1f987.com\/en\/news\/guggenheim-partners-projects-bitcoin-to-reach-600000\">$600,000<\/a>.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to Forklog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, February 19, the price of the leading cryptocurrency surpassed the $53,000 mark, hitting all-time highs.<\/p>\n","protected":false},"author":1,"featured_media":36750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-36749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36749"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36749\/revisions"}],"predecessor-version":[{"id":36751,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36749\/revisions\/36751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36750"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}