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$56.3K Bitcoin price and $1T market cap signal BTC is here to stay

Published 02/19/2021, 05:44 PM
Updated 02/20/2021, 08:20 PM
$56.3K Bitcoin price and $1T market cap signal BTC is here to stay

As Bitcoin (BTC) price pushed above $55,300 in the morning trading session, its market cap surpassed $1 trillion for the first time on Feb. 19. The breakout continued throughout the day and within the past hour BTC price hit another all-time high at $56,368.

Now that Bitcoin has cemented its status as a trillion-dollar asset among the likes of Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOGL), legacy banks are showing increasing interest in offering cryptocurrency custody services for their customers.

BTC/USDT 4-hour chart. Source: TradingView
Daily cryptocurrency market performance. Source: Coin360
Total cryptocurrency market capitalization. Source: CoinMarketCap

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