Bitcoin (BTC): the market cap exceeds one trillion dollars

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The Bitcoin (BTC) bull run seems unstoppable, in fact, at the current moment, the price of BTC has surpassed $51,000. Not only that, the total market cap of BTC has returned to its November 2021 highs, surpassing one trillion dollars. 

Bitcoin (BTC): market cap above one trillion dollars as of November 2021

The total market cap of Bitcoin has once again surpassed one trillion dollars. It has been since November 28, 2021, that BTC has reached this figure in terms of market capitalization.

November 2021, is also the month in which BTC reached its all-time high price of $69,000, reaching a market cap peak of $1.220 trillion. 

Big numbers that also reflect Bitcoin’s price performance, which, at the time of writing, is $51,800. Again, the same price was last reached at the end of November 2021. 

Not only that, being bitcoin the leader of the crypto market, its milestone is also increasing the total market cap of cryptocurrencies, which has surpassed 2 trillion dollars. This figure has not been seen since April 2022. 

Market cap and BTC price have increased by 3.6% in the last 24 hours, while the trading volume of the queen of crypto is up by 6.40%. 

Bitcoin: as BTC’s market cap rises, market sentiment is also optimistic

Just today, it has been reported also the Fear and Greed Index for Bitcoin which seems to be stuck at a score of 74.

This index measures the overall market sentiment for BTC of the previous day, and it seems that since the end of January it has consistently been in the greed zone (enthusiasm). 

Specifically, the score of 74 had not yet been reached during the price rally that brought BTC from $30,000 to $40,000. Surpassing $50,000, the current score is higher in the excitement zone.

This optimism can also come from the hypothesis that a new major bull run for Bitcoin has started. This hypothesis is supported by users who have bet on BTC at $65,000, $70,000, or even $75,000 on the specialized crypto derivatives exchange, Deribit.

The meme of the US President with bitcoiner laser eyes

In these days, a new tweet has appeared on the official account of Joe Biden, the President of the USA, with an image depicting the President with laser eyes, typical of a bitcoiner.

Seeing the image, the natural question arose whether Biden had become a supporter of Bitcoin or not. 

Apparently the definitive answer seems to be a no. However, the team in charge of social media on behalf of the President wanted to copy the crypto aesthetic for political reasons. 

The laser eyes of the bitcoiner, in fact, are focused on Biden to refer to the “Dark Brandon”, the meme that Democratic activists are trying to push.