The market capitalization of bitcoin is now 1.17 trillion dollars.

Bitcoin is now valued at 1.17 trillion dollars, and the market capitalization of it is now 1.17 trillion dollars, a new record for the year.The market capitalization of bitcoin has reached a new all-time high, exceeding $ 19 trillion. This is quite an important milestone for the market capitalization of BTC, as it will be the first time that a digital asset has reached this level since the beginning of the year. at this level. Bitcoin has always been a capital-intensive market, and this is a huge step for the entire market. Now, for the first time in history, it has surpassed the pre-halving high, reaching $ 14,483 on January 29. New highs for both the BTC and ETH markets were quickly overcome, and within a few hours, the first bitcoin breakout was observed. At the same time, the US dollar index (DXY) began to reverse, as traders began to worry that the fed's policy of printing a record amount of cash will lead to a prolonged period of negative dynamics. dollars.Traders and investors should take a long-term position instead of selling their assets in the short term. The record-breaking BTC rally has provided strong performance for altcoins, including ether (ETH), which broke through the $ 1,600 resistance and is currently trading at $ 1,533. Meanwhile, bitcoin's dominance has also been growing, reaching 81.3% at the time of writing.Winners and losersAfter analyzing the charts, it becomes clear that the top-ranked cryptocurrency is still in a strong position. gold, which has recently been rising, it has recently gained even more strength, and this is a positive signal for bitcoin. In turn, this is confirmation that bitcoin is still in a strong position, because otherwise there would be no point in continuing the upward movement.Long-term traders have been patiently waiting for the top-ranked digital asset to start moving up, and now they own it. However, it is worth noting that in recent weeks, the price of bitcoin has increased by almost 6% in a row, which is quite an achievement in a short time, since the previous all-time high of $ 23,947 was set on February 2.At the same time, professional investors have been waiting for an opportunity to buy back everything that bitcoin dips. Unfortunately for them, this has not happened yet. This may be due to the fact that open interest has yet to be determined, and also because the market is ripe for manipulative tactics.Investors who already own a large amount of bitcoin may start looking for other assets that offer a higher payoff in the future. manipulative strategies.In addition, there is currently no shortage of offers for ether (ETH) and other DeFi tokens. According to CoinMarketCap, the total market capitalization of the cryptocurrency market is in the amount of $