Bitcoin includes a trillion dollar market capitalization, with the total value of all Bitcoin exceeding $ 900 billion for the first time today as the price reached new record highs.
Bitstamp, one of the oldest Bitcoin exchanges still in operation, recorded a peak price of $ 49,000, resulting in a volatile market capitalization of $ 912.69 billion. Bitcoin currently costs $ 47,250 per coin, has risen 5% over the past 24 hours and 28% over the past seven days.
A market capitalization of $ 900 billion represents only the addition of $ 354 billion in 2021. The previous everyday high for Bitcoin’s market capitalization was set on February 8, when it amounted to $ 888 billion.
Bitcoin currently accounts for 61% of the total market capitalization of all cryptocurrencies, which also reached an all-time high as the majority of the best altcoins rose alongside Bitcoin. The market capitalization of all cryptocurrencies peaked today at $ 1.463 trillion – up 88.5% so far in 2021 after starting the year at $ 776 billion.
According to CompaniesMarketCap, a website that ranks the world’s most traded assets according to their market capitalization, Bitcoin is now the ninth largest asset in the world, surpassing Facebook and Tesla in the past week. According to GDP, if it is placed on a list of countries, Bitcoin’s $ 900 billion will fall between the countries of Mexico ($ 1.04 billion) and the Netherlands ($ 886 billion).
The new highs for Bitcoin come on the day of the approval of the first Bitcoin ETF in North America, the same week when the news broke, Tesla bought $ 1.5 billion BTC, and amid a regulatory atmosphere that was increasingly friendly to the development of cryptocurrency. fintech.
Earlier this month, the Biden administration created a stir in the crypto community by appointing a number of crypto-friendly personalities to high positions, potentially providing an opportunity for greater cooperation between regulatory forces and blockchain. based enterprise.