On Friday, February 19, the rate of the first cryptocurrency broke the $ 53,000 mark, renewing all-time highs.
Bitcoin’s $ 50,000 psychological level broke on February 16. The next day the price hit $ 52,000.
Against this backdrop, analysts at JPMorgan suggested that digital gold will not be able to maintain the levels taken due to the high volatility.
According to data from CoinGecko, the cryptocurrency’s market capitalization has exceeded $ 1.65 trillion. It’s about on par with Amazon. Only three companies in the world have a higher market valuation: Saudi Aramco, Apple and Microsoft.
With the exception of Cardano and Litecoin, the top 10 cryptocurrencies by capitalization have shown growth in the past 24 hours. Binance Coin had the fastest, leading the token to climb to the third row of the rating in terms of overall market value.
Guggenheim Partners chief investment officer Scott Minerd has revised his long-term forecast to $ 600,000.
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