Bitcoin hits $1 trillion market cap again as $217 million liquidated in 24 hours

Quick Take

Currently, Bitcoin’s value is around $51,500, successfully surpassing the $1 trillion market cap. This ascension places it above some of the world’s leading corporations. Berkshire Hathaway’s market cap hovers around $850 billion, marking it the eleventh-largest entity. Meanwhile, Meta, standing ninth in the global ranking, carries a market cap of $1.173 trillion.

Bitcoin last experienced a $1T market cap in November 2021. Bitcoin’s value is roughly 25% lower than its all-time November 2021 high of $69,000.

Further, $53m in liquidations, primarily from short liquidations, occurred in the past hour, per Coinglass data. This figure significantly increases when accounting for the past 24 hours, with over $217m liquidated.

The post Bitcoin hits $1 trillion market cap again as $217 million liquidated in 24 hours appeared first on CryptoSlate.