BTC's market capitalization has surpassed $1.3 trillion, quickly approaching silver's market capitalization of $1.4 trillion.
Willy Wu predicts #bitcoin could soar to at least $125,000 this year.
Michael Van de Poppe said bitcoin has hit a new high for the year, with its price approaching the $65,000 mark.
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On Monday evening, the major #cryptocurrencies rallied, and the rise in the price of bitcoin showed no signs of slowing down.
What happened: the market capitalization of #BTC reached an all-time high of $1.33 trillion.
Bitcoin's market capitalization rose thanks to inflows into exchange-traded funds (ETFs), an impending halving event, and growing investor interest in cryptocurrencies.
Bitcoin's market capitalization reached an all-time high and investor sentiment shifted to "extreme greed" as evidenced by the Crypto Fear and Greed Index, with the greed level reaching 90 on March 3, the highest level since November 8, 2021.
BTC has crossed the $1.3 trillion market capitalization threshold and is rapidly approaching silver's $1.4 trillion market capitalization.
According to Coinglass data, bitcoin shorts were squeezed during Monday's trading session, resulting in the liquidation of about $250 million of leveraged bets, mostly shorts. More than 141,175 traders liquidated over the past 24 hours, bringing the total liquidations to $416.16 million. The most significant single clearing order worth US$8.23 million in BTC-USDT was placed on #Binance .
The global cryptocurrency market is currently worth $2.53 trillion, up 6.03% in the last 24 hours.
Stocks retreated on Monday, with the S&P 500 and Nasdaq Composite indexes falling from all-time highs despite gains in tech stocks linked to the artificial intelligence boom.
The S&P 500 index fell slightly 0.12 percent to 5,130.95, while the Nasdaq Composite index fell 0.41 percent to 16,207.51.
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