Crypto Price on February 15: Bitcoin jumps above $52,000; crypto m-cap crosses $2 trillion
cryptocurrency market rose sharply on Thursday as the world's top largest crypto tokens, Bitcoin and Ethereum, surged over 6%. Meanwhile, the global cryptocurrency market cap surged 5% to around $2.04 trillion in the last 24 hours.
At 10:36 a.m., Bitcoin was trading 6% higher at $52,318, while Ethereum was up 6.6% at $2,796.
Also, Bitcoin regained its own $1 trillion market cap. The world's largest token by market cap hasn't reached that level since December 2021, and in the last one year, it has gained more than 135%.
«Ascending to $52,000, Bitcoin reclaimed a $1 trillion market cap after 26 months, suggesting further upward potential. Despite a brief dip below $50,000 on Tuesday attributed to U.S. inflation data, BTC promptly rebounded,» said Rajagopal Menon, VP at WazirX.
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View Details»«Bullish sentiment persists, aiming for $75,000, fueled by substantial inflows into U.S.-listed spot BTC ETFs, including BlackRock's IBIT. Analysts foresee BTC's upward trajectory, pointing to a key support level at $46,000 while expressing caution about a potential slowdown in momentum,» Rajagopal said.
Meanwhile, CoinDCX Research Team, said, «The crypto market continues to rise, with Bitcoin and Ethereum hitting their highest points of the year. This growth is fueled by increased investments in Bitcoin spot ETFs and positive sentiment about the
