$BTC Crossing $2T in Market Cap Triggers Wave of New Buyers, but Key Players Tread Cautiously, Onchain Data Show.
Bitcoin's market capitalization recently surpassed $2 trillion, hitting the highest since the end of January.
While first-time buyers show strong interest, momentum buyers remain weak, suggesting potential price consolidation.
Bitcoin's (BTC) $2 trillion market cap has attracted a wave of new buyers to the market, while seasoned traders turn cautious, according to analysis of on-chain data by Glassnode.
BTC's price topped $100,000 last Thursday, lifting its market capitalization above $2 trillion for the first time since Jan. 31, according to data source TradingView. Since then, the ship has steadied above the $2 trillion mark, with analysts calling for record highs on the back of an impending U.S. inflation data later Tuesday.
