Share this article
Bitcoin Market Value Tops $1T as Price Passes $53,697
A year ago, bitcoin's market value was $178 billion.
By Zack Voell
Updated Sep 14, 2021, 12:14 p.m. Published Feb 19, 2021, 3:40 p.m.
Bitcoin's total market value passed $1 trillion for the first time Friday as the leading cryptocurrency traded at new record highs above $53,697.65, per the CoinDesk Bitcoin Price Index.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The price of bitcoin rose to a new all-time high of $53,739.48 Friday morning as its total value past the 13-digit landmark, up roughly 3.6% in the last 24 hours.
- Bitcoin has gained nearly 80% year to date, and the bullish market cycle isn't showing signs of peaking.
- "Sure there are speculative excesses, like in all bull markets," Bloomberg senior commodity strategist Mike McGlone told CoinDesk in an email. "But the bitcoin tide is rising on the back of it becoming a global digital reserve asset."
- The trillion-dollar market value comes after a flurry of new institutional investor interest from public companies like Tesla buying $1.5 billion in bitcoin, leading financial institutions like Deutsche Bank and BNY Mellon announcing crypto custody offerings, and bitcoin-laden business intelligence company MicroStrategy flush with $1.05 billion in fresh cash to buy even more of the cryptocurrency, per CoinDesk's prior reporting.
- Bitcoin had a market value of $178 billion a year ago, according to TradingView data.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Hut 8 stock surges 20% on Fluidstack AI data center deal
The bitcoin miner deepened its pivot into AI infrastructure with a $7 billion long term lease backed by Google.
What to know:
- Hut 8 (HUT) signed a 15 year, $7 billion lease with Fluidstack for 245 MW of IT capacity at its River Bend campus, with three 5 year renewal options lifting potential contract value to about $17.7 billion.
- Google is providing a financial backstop for the base lease term, while JPMorgan and Goldman Sachs are expected to lead up to 85% project level financing.
- Hut 8 shares are up around 20% in pre-market trading.
Top Stories
