Bitcoin hits $1 trillion market cap again as $217 million liquidated in 24 hours

Share This Post

Quick Take

Currently, Bitcoin’s value is around $51,500, successfully surpassing the $1 trillion market cap. This ascension places it above some of the world’s leading corporations. Berkshire Hathaway’s market cap hovers around $850 billion, marking it the eleventh-largest entity. Meanwhile, Meta, standing ninth in the global ranking, carries a market cap of $1.173 trillion.

BTCUSD Market Cap: (Source: Trading View)
BTCUSD Market Cap: (Source: Trading View)

Bitcoin last experienced a $1T market cap in November 2021. Bitcoin’s value is roughly 25% lower than its all-time November 2021 high of $69,000.

Further, $53m in liquidations, primarily from short liquidations, occurred in the past hour, per Coinglass data. This figure significantly increases when accounting for the past 24 hours, with over $217m liquidated.

Total Liquidations: (Source: Coinglass)
Total Liquidations: (Source: Coinglass)

The post Bitcoin hits $1 trillion market cap again as $217 million liquidated in 24 hours appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

SEC Unveils Plan to Compensate Investors in Mila Kunis’ Stoner Cats

The SEC seeks to compensate investors in Mila Kunis-backed Stoner Cats NFTs, which were deemed an unregistered securities offering that violated federal law Stoner Cats Investors to Be Compensated

Coinbase CEO Brian Armstrong Finds Ally In Cardano’s Hoskinson For Crypto Czar Bid

When it comes to formulating policies and regulations for the cryptocurrency space, there is no better choice than appointing someone who has a great understanding of the ins and outs of digital

Cardano Gains Steam: ADA Sights More Growth After Breaking $0.8119

Cardano (ADA) is making waves in the crypto market, surging past the $08119 level in a bold display of bullish strength This breakout marks a significant turning point, signaling growing confidence

Polymarket: A revolution in prediction markets

The post Polymarket: A revolution in prediction markets appeared first on

BTC and XRP Redefine Boundaries in US Crypto Regulation

BTC and XRP challenge securities classifications as a legal expert argues underlying assets are distinct from investment contracts, intensifying calls for regulatory clarity in crypto markets BTC and

XRP Set to Overtake BNB, Eyes on 35% Rally

The post XRP Set to Overtake BNB, Eyes on 35% Rally appeared first on Coinpedia Fintech News With notable gains in recent days, Ripple’s native token, XRP, has crossed the $15 level for the