Posted 2/14/2024, 9:30:00 AM
Bitcoin Surpasses $51K and $1 Trillion Market Cap Amid Renewed Bull Run
- Bitcoin price climbed through $51,000 on Wednesday, reaching $1 trillion market cap for the first time since December 2021
- Bullish sentiment continues around bitcoin growth, with traders betting on prices up to $75,000 in coming months
- Some traders targeting $64,000 level in coming weeks amid demand growth from bitcoin spot ETF products
- On Tuesday, BlackRock's IBIT saw nearly $500 million in net inflows, showing buying demand
- The bitcoin rise comes as positive outlook persists for further growth of the largest cryptocurrency