Bitcoin Reaches $1 Trillion Market Cap Again

[{"selector":"#anim-efd5e771-dbcc-48a7-bdb5-97542f9e19d3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.03324437765473145%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Bitcoin's market cap topped $1 trillion for the first time in two years.

[{"selector":"#anim-1eb65d95-05fe-4b84-9f78-290932e89d48 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.08311139923392026%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The leading cryptocurrency has a market cap greater than US$856.81 billion, the eighth-largest firm in the world.

[{"selector":"#anim-1c3ad686-b82f-465f-a7bc-0168e979189d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.0146273987409%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] After yesterday's slump due to hotter-than-expected U.S. January inflation figures, Bitcoin rallied on Valentine's Day.

[{"selector":"#anim-db201cb8-0e59-4b44-9ea9-94496d825475 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.016983392357165852%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] According to CoinGecko data, the first blockchain-based coin climbed roughly 7% in 24 hours and 20% weekly to trade at US$51,733 at midday ET.

[{"selector":"#anim-804a95ad-dee9-4ac7-aa04-232ad6a61da7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.08311139923392026%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] After the U.S. Securities and Exchange Commission approved 11 spot Bitcoin exchange-traded funds, investors could trade the cryptocurrency again.

[{"selector":"#anim-8a997430-54e5-491a-b2dd-5ba3cee8e301 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.03324437765473145%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] CoinShares data shows that U.S. Bitcoin ETFs, which allow investors to trade Bitcoin shares on the stock market of the world's largest economy, saw US$4 billion in net inflows yesterday, including the largest daily inflow of US$651 million.

[{"selector":"#anim-dab27edf-21c4-4c5a-8991-877b6eaab4f2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.0146273987409%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Bitcoin investors are watching the quadrennial halving, which reduces miner incentives to 3.125 Bitcoins per block from 6.25 Bitcoins and slows Bitcoin inflows.

[{"selector":"#anim-1f4b7fdb-d560-49e9-8eed-d9d21547c668 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-0.016983392357165852%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Bitcoin blockchains generate blocks every 10 minutes.

Bitcoin Reaches $1 Trillion Market Cap Again

Read More

Kem Chuoi (Vegan Banana Coconut Ice Cream Bars) Recipe