Bitcoin tests the $44,000 level

On December 20, Bitcoin briefly traded at $44,200. The asset’s market capitalization stands at $862 billion, according to CoinGecko.

As of writing, Bitcoin is trading a touch below the psychological threshold. In the last 24 hours, the asset rose 3.2%. Bitcoin’s dominance index stands at 53.8%.

The total market capitalization of digital assets surpassed $1.7 trillion. The best performers over the past 24 hours were Avalanche (+7.8%) and Solana (+7%). Solana managed to overtake XRP and take fifth place in the rankings.

The founder of MicroStrategy, Michael Saylor, has stated that Bitcoin could either crash to zero, or soar to $1 million.

According to JAN3 CEO Samson Mow, the first cryptocurrency could reach this level within a few ‘days or weeks’ after approval of the spot-price ETF based on the asset’s spot price.