The latest Bitcoin rally, combined with the increase in circulating BTC since 2017, has resulted in a new all-time high in the cryptocurrency’s total market capitalization. $200 billion was said to be an incredible feat, allowing the underlying network to stand up against some of the largest entities in the world. With the total market cap now at a record $335 billion, here’s how Bitcoin now stacks up compared to giants like banks, retail giants, tech firms, and much more.
Bitcoin Market Cap Grows To A Record $335 Billion Despite No New Price Peak
The leading cryptocurrency by market cap in just a few short months has grown from under $10,000 to over $18,000 at the local high but stopped short of setting a new record above $20,000. At the same time, the asset’s total market cap – a measure of money invested into the asset – has set a new record for the highest valuation ever.