Bitcoin Hits $2.18 Trillion Market Cap Milestone

Bitcoin has officially surpassed a $2.18 trillion market capitalization, marking a historical high point for the cryptocurrency. Crypto Rover highlights this surge as evidence of a bullish market environment. The price of Bitcoin at its peak was around $104,000, with trading volume on Binance and Coinbase reaching over $55 billion each day, further driving liquidity across the market. This increase in influence has attracted even more institutional investors. However, experts caution against excessive exuberance. While indicators like Bitcoin’s RSI (72) and MACD suggest a bullish trend, these signs could signal potential overbought conditions. A slight price correction may occur after this recent rally.