Bitcoin Market Capitalization Soars to USD 1 Trillion, Here's the Reason

Previously it was reported that the price of the top cryptocurrencies soared in trading on Thursday (15/2/2024). The price of bitcoin even reached the position of USD 52,100.

Based on data from Coinmarketcap.com, the price of the largest market capitalization cryptocurrency Bitcoin (BTC) jumped 5.25 percent in 24 hours. Currently, the price of bitcoin is at USD 52,116 or around IDR 812.44 million (assuming the exchange rate of the United States dollar against the rupiah is around 15,589). During the week, the price of bitcoin skyrocketed 16.79 percent.

Likewise, the price of Ethereum (ETH) shot up significantly in the last 24 hours. Ethereum prices soared 5.88 percent. In the last week, the price of Ethereum increased 14.62 percent. Currently, the price of Ethereum is at USD 2,789.56 or around IDR 43.48 million.

Binance coin (BNB) price flew 5.36 percent in the last 24 hours. Over the past week, the price of BNB rose 9.82 percent. Now, the price of BNB is at USD 343.11.

Solana (SOL) price rose 4.94 percent in the last 24 hours. In the last week, the price of SOL flew 14.51 percent. Currently, the price of Solana is at USD 116.80.

XRP price strengthened 4.32 percent in the last 24 hours. Over the past week, the price of XRP increased 5.78 percent. Now, the price of XRP is at USD 0.5461.