Bitcoin is closing in on a trillion dollar market cap, with the total value of all Bitcoin crossing $900B for the first time today as the price hit new record highs.
Bitstamp, one of the oldest Bitcoin exchanges still in operation, recorded a peak price of $49,000, resulting in a fleeting market cap of $912.69 billion. Bitcoin is currently priced at $47,250 per coin, up 5% over the last 24 hours and 28% in the last seven days.
A market cap of $900 billion represents the addition of $354 billion in 2021 alone. The previous all-time high for Bitcoin’s market cap was set on Feb. 8, when it topped out at $888 billion.
Bitcoin currently accounts for 61% of the total market cap of all cryptocurrencies, which also reached all-time highs as the majority of top altcoins moved up alongside Bitcoin. The market cap of all cryptocurrencies peaked at $1.463 trillion today – gaining 88.5% in 2021 so far