Bitcoin still has some room to climb before setting a new all-time high in the price per BTC. However, the current market cap of Bitcoin is now currently larger and more valuable than it was back when the cryptocurrency traded higher.
Here’s an explanation of how the leading cryptocurrency by market cap set a new record before a new peak price was set.
Bitcoin Achieves Milestone New Record All-Time High Market Cap
Last night, Bitcoin price spiked to well over $18,000, potentially putting in a short-term peak after a breathtaking eight-week rally, each new week adding another $1,000 to the asset’s price.
As the price per BTC is traded and buyers and sellers attempt to establish a fair market price, whatever the cryptocurrency trades at multiplied the supply of coins provides the total asset’s market capitalization.
Bitcoin holding stong above a $200 billion market