$56.3K Bitcoin price and $1T market cap signal BTC is here to stay

As (BTC) price pushed above $55,300 in the morning trading session, its market cap surpassed $1 trillion for the first time on Feb. 19. The breakout continued throughout the day and within the past hour BTC price hit another all-time high at $56,368.

Now that Bitcoin has cemented its status as a trillion-dollar asset among the likes of Amazon (NASDAQ:), Apple (NASDAQ:) and Google (NASDAQ:), legacy banks are showing increasing interest in offering cryptocurrency custody services for their customers.

4-hour chart. Source: TradingView
Daily cryptocurrency market performance. Source: Coin360
Total cryptocurrency market capitalization. Source: CoinMarketCap