Crypto Market Cap Hits $2 Trillion as Bitcoin (BTC) Price Taps $52K (Market Watch)

Bitcoin’s upswing price movements continued in the past 24 hours, and the asset jumped past the $52,000 line.The primary cryptocurrency had a strong last week as it closed it with a 13% gain – the best weekly performance since October last year. Monday started with a minor retracement from $48,800 to $48,000, but that was short-lived.

The asset went on the offensive hours later and skyrocketed to and above $50,000 for the first time since late 2021. Another brief retracement followed that pushed BTC south to $48,400 on Tuesday after the US announced the latest CPI data. However, BTC seems to be on a roll, and that couldn’t keep it down either. Wednesday saw another price surge that pushed Bitcoin north again. Earlier today, the cryptocurrency’s climb continued, and the assetThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:the coveted $1 trillion mark again yesterday, BTC’s market cap soared to $1.025 trillion today. Its dominance is up to 50% on CG and more than 52% on CMC.

Binance Coin, Ripple, Cardano, Avalanche, and Dogecoin have charted even more notable gains daily of around 3-4%. In contrast, Bitcoin Cash and ICP have retraced the most from the larger-cap alts.Most lower- and mid-cap alts have also posted impressive gains for several days in a row. This has helped the cumulative market cap of all crypto assets reclaim the $2 trillion level on CoinGecko .Disclaimer: Information found on CryptoPotato is those of writers quoted.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

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