• bitcoinBitcoin$19,282.98-0.07%
  • ethereumEthereum$1,305.66-0.70%
  • elrond-erd-2Elrond$48.070.89%

Bitcoin Has a New ATH of Over $52,000

Two days ago, Bitcoin managed to break the psychological $50,000 barrier for a short time before retracting to $48,500. A day later, Bitcoin bulls managed to push the digital asset to a new ATH of more than $52,000.

At 7:33 pm UTC, Bitcoin passed even that and has managed to reach a new ATH of $52,618 on Binance.

As it stands now, the market cap of Bitcoin is just a few billions away from being a trillion-dollar asset. Having a market cap of $974 billion, the King of Crypto needs only $26 billion more to reach $1 trillion. That could very well be possible since Bitcoin has grown 80% since the start of the year.

Of course, it’s institutional investors that prove that Bitcoin has a bright future. Scott Minerd, the CIO of Guggenheim, even speculates that the crypto coin could grow to be worth $600,000.

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