Bitcoin heading towards $1 trillion dollar market cap; ATH at $48,745

Bitcoin heading toward  trillion dollar market cap; ATH at ,745


Bitcoin (BTC) has set its all-time high at $48,745.73 on Chinese New Year Day. Its market cap is around $900 billion and fully diluted market cap is just over $1 trillion. 24-hour trading volume of $82,236,666,743 USD. Bitcoin is up 7.40% in the last 24 hours.

The strong rally came about with world richest man- Elon Musk supporting Bitcoin on Twitter and then confirming that Tesla owns $1.5 billion worth of Bitcoin added to their balance sheet with the core purpose to accept payment for their vehicles.

Mastercard network announced that they will bring crypto to their business. This helps more merchants to accept cryptocurrencies as payment and aid the adoption of crypto further. Mastercard’s plan is obvious as we saw their team up with Wirex and BitPay to create crypto cards that allow people to transact using their cryptocurrencies.

“We are here to enable customers, merchants and businesses to move digital value — traditional or crypto — however they want. It should be your choice, it’s your money.”

BNY Mellon, the oldest bank in the U.S. revealed their Bitcoin and crypto plan, trialling a platform for allowing cryptocurrencies transactions to use the same system as stocks and bonds.

These are the core reason and confident push for Bitcoin. Corporations are making their commitment for this coin.

Pomp has also reminded all that $1 trillion mark is next.