Bitcoin Surges Past $51,000 Mark, Market Cap Reaches $1 Trillion
Bitcoin surged past $51,000, reclaiming a market cap of over $1 trillion for the first time in two years, triggering a rally for cryptocurrencies and related stocks. Ethereum also reached an eleven-month high, while Coinbase stock and bitcoin ETFs surged. BlackRock's iShares Bitcoin Trust led in fund inflows, with trends such as the upcoming halving event and increased institutional participation expected to continue driving Bitcoin's performance in 2024.