Bitcoin Hits $52K, Regains $1T Market Cap; Genesis Cleared to Sell $1.3B GBTC Shares

The largest and oldest cryptocurrency shrugged off Tuesday’s dip below $50,000 on a hotter-than-expected U.S. inflation data, reclaiming the psychologically significant price level during European trading hours. Throughout its history, BTC only had 145 daily closes (midnight UTC time) over $50,000, CoinDesk’s Bitcoin Price Index (XBX) data shows.