Data revealed that the price of Bitcoin (BTC) exceeded $51,000 in the morning European time on February 14th, reaching a market capitalization of $1 trillion for the first time since December 2021.

The rally comes as bullish sentiment continues for the continued growth of the largest crypto asset, with option traders expecting it to reach $75,000 in the coming months.

Some traders see Bitcoin spot exchange-traded funds (ETFs) reaching the $64,000 level in the coming weeks as demand rises. On the 13th, BlackRock’s iShares Bitcoin Trust (IBIT) recorded net inflows of nearly $500 million (approximately 75 billion yen, equivalent to 1 dollar = 150 yen), increasing buying demand. Indicated.

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Shutterstock
｜Original text: Bitcoin Hits $51K, Regains $1T Market Capitalization