Bitcoin’s vertical price rally has taken it to a new ATH of $53379 based on data from coinmarketcap.com. After hitting a new ATH barely minutes ago, Bitcoin is only $300 shy of becoming a trillion-dollar asset!
Additionally, when Bitcoin’s market capitalization hits $1 Trillion, its fully diluted market capitalization will surpass the combined market cap of Visa, Paypal, and Mastercard, based on data from Arcane Research.
Source: Arcane Research
This is happening in real-time, as the asset’s price has gained over 3 percent in the past 24 hours alone, and on-chain analysis suggests that the sentiment is bullish currently. The price is fluctuating between $52926 and $53313 for the past hour or so, based on data from coinmarketcap.
What would a trillion-dollar market capitalization mean for the future of retail traders and their portfolios?
One thing is for sure, after hitting a trillion dollars, Bitcoin would set a standard for itself and the price rally would get a boost for the rest of the bull season. What the market has witnessed is demand that is currently driven by institutions and whales, but what we can expect is a rise in the number of retail traders and the trade volume on spot exchanges.
This is critical at the current price point in the rally, as demand from retail traders has an…