The bitcoin price consolidated its status as one of the most valuable assets in the field, rising to $ 56,368.
While the price of Bitcoin (BTC) rise above $ 55,300 in the morning trading session, its market cap exceeded $ 1 trillion for the first time on February 19. The break continued throughout the day and in the past hour the BTC price reached an all-time high.
Now that Bitcoin has consolidated its status as a trillion-dollar asset such as Amazon, Apple and Google, old banks are showing increased interest in offering cryptocurrency custody services for their customers.
According to Treyce Dahlem, an analyst at TheTIE, social media conversations that include Bitcoin as the keyword have increased by 38% since February 18th. More than 102,000 tweets were sent in the last 24 hours.
Dahlem said on the matter:
“The number of Twitter users talking about Bitcoin reached an all-time high of 38,500, up 325% from a year ago.”
Altcoins soar as DeFi and CeFi begin to merge
Multiple altcoins joined BTC and Ethereum (ETH) to set all-time highs as both centralized and decentralized exchange tokens experienced strong breaks.
Binance Coin (BNB) continued to benefit from the increased influence of Binance Smart Chain (BSC) as it raised to a new high of $ 348.72.
This parabolic rally placed BNB in third place.
DeFi-related projects such as PancakeSwap (CAKE) and Venus (VXS) are two of the top attractions in BSC, and both have reached new heights at $ 20.62 and $ 101.50 respectively.