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Bitcoin Surpasses $52,000, Crosses $1 Trillion Market Cap—What’s Driving The Surge?
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On Wednesday, Bitcoin soared past the $52,000 mark, propelling its market cap beyond the $1 trillion milestone. This leap occurred in the wake of spot Bitcoin ETF approvals and in anticipation of the expected halving event in April.
The recent climb marks a major milestone, as Bitcoin’s market cap crossed the $1 trillion threshold for the first time since November 2021, according to Coin Market Cap.
So far, the token’s price has increased by more than 20% in the last 30 days alone, while it’s up by more than 133% YoY, trading at $51,816 at press time.
We are witnessing the start of an institutional #Bitcoin bull run!
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