Bitcoin reached a market capitalization of $1 trillion again with $217 million liquidated in 24 hours.

quick take

The current value of Bitcoin is approximately $51,500, successfully surpassing the $1 trillion market capitalization mark. This rise puts it ahead of some of the world’s best companies. Berkshire Hathaway has a market capitalization of approximately $850 billion, making it the 11th largest company. Meanwhile, the market capitalization of Meta, ranked 9th in the global rankings, is $1.173 trillion.

Bitcoin last experienced a market capitalization of $1 trillion in November 2021. Bitcoin’s value is about 25% lower than its all-time high of $69,000 in November 2021.

Coinglass data also shows that $53 million in liquidations occurred in the past hour, mainly due to short-term liquidations. This figure has increased significantly with over $217 million liquidated in the last 24 hours.

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