Bitcoin’s Market Cap Approaches $1 Trillion
Bitcoin has solidified its position in the financial market as it climbs to become one of the top assets worldwide. According to a comprehensive ranking of assets, Bitcoin is now the 10th largest asset, surpassing Tesla, Visa, and JPMorgan. With a market capitalization of nearly $1 trillion and a current price of $48,179, Bitcoin is now in the league of gold, silver, and top tech companies like Microsoft, Apple, and Amazon.
However, Ethereum lags behind at the 36th position on the list. Gold remains at the top with a market capitalization of $13.6 trillion.
Predictions for Bitcoin’s Price
CryptoQuant CEO Ki Young Ju predicts a bullish future for Bitcoin, projecting a potential 160% increase in price. He believes Bitcoin could reach $112,000 or at least a low of $55,000 this year. The inflows into the spot Bitcoin ETF market have been significant in recent months.
Another analyst, Stockmoney Lizards, suggests that Bitcoin may have found a new floor price at $40,000 based on historical patterns like the Bitcoin halving event. The next halving event is scheduled for April, which could impact Bitcoin’s future outlook.
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