Bitcoin has demonstrated significant growth by entering the top 10 global assets by market capitalization, now nearly $2 trillion, surpassing major companies like Facebook and Saudi Aramco.
Growth of Bitcoin Capitalization
The recent price surge of Bitcoin increased its market capitalization to nearly $2 trillion, putting it in the 7th position among assets. Additionally, Bitcoin recorded the highest growth compared to other assets.
Impact of Tether on Price Surge
One of the key factors influencing Bitcoin’s price surge was the minting of Tether (USDT). Since November 2024, the Treasury minted about 9 billion USDT, which added significant liquidity to the market, boosting Bitcoin’s value.
Role of Whales in Bitcoin Price Increase
The activity of major holders, or whales, played a crucial role in driving Bitcoin’s price up. Their purchase of Bitcoin in large volumes, such as over 3200 BTC accumulated in the last two days, has a significant influence on market sentiments.
Bitcoin continues to show growth and draws attention from traders and investors globally. However, the sustainability of the current price depends on the participation of retail traders.
