Bitcoin (BTC) price reaches $52,000, while virtual currency market capitalization reaches $2 trillion (MarketWatch)

Bitcoin's price rally continued over the past 24 hours, with the asset jumping above the $52,000 line.

Many altcoins are also in the green, with XRP up to $0.55 and ADA nearing $0.6.

BTC exceeds $52,000

Major cryptocurrencies fared well last week, closing up 13%, their best weekly performance since October last year. Monday started with a small retracement from $48,800 to $48,000, but it was short-lived.

The asset went on the offensive a few hours later, surging above $50,000 for the first time since late 2021. Bitcoin was briefly pushed back on Tuesday after the US released the latest CPI data, pushing the currency down to $48,400.

However, BTC seems to be doing well and there was no stopping it. Prices soared again on Wednesday, pushing Bitcoin higher again. Earlier today, the cryptocurrency's rally continued as the asset soared above $52,000, marking a new multi-year high.

After regaining the coveted $1 trillion mark again yesterday, BTC market cap has surged to $1.25 trillion today (on CoinGecko). Its dominance is up to 50% in CG and more than 52% in CMC.

Alternatives remain green

Ethereum has also had the most impressive performance recently. Rising another 2% in the past 24 hours, the second-largest digital asset rose to $2,800 for the first time since May 2022.

Binance Coin, Ripple, Cardano, Avalanche, and Dogecoin have recorded even more notable gains of around 3-4% daily. In contrast, Bitcoin Cash and ICP have had the most retrace from large-cap alts.

Things like APT and IMX are clearly growing even more, as they're both up about 5%.

Most lower and mid-cap stocks have also recorded impressive gains for several consecutive days. This has allowed the cumulative market capitalization of all crypto assets to return to the $2 trillion level at CoinGecko (and approaching that line at CMC).