Home Coins Bitcoin (BTC) Bitcoin’s Market Cap Hits All-Time High – Bitcoin Magazine

Bitcoin’s Market Cap Hits All-Time High – Bitcoin Magazine

According to publicly-available market data, bitcoin’s market capitalization has hit a new all-time high, eclipsing its highest mark ever of $328.89879 billion, set on December 16, 2017, per Coin Metrics.

Market capitalization is determined by an asset’s individual price, multiplied by its total supply. At the time of this writing, according to cryptocurrency exchange Bitstamp, the bitcoin price reached $17,756 and, according to Bitcoin data aggregator Clark Moody, the supply has reached 18,546,019.15 BTC. With that total listed supply at that listed price, bitcoin has a market capitalization of $329.303116 billion.

Though the price of a single bitcoin measured in USD tends to garner the most mainstream media attention, the network’s market capitalization may be an even more critical measure of its value. It indicates the relative value of Bitcoin as a system, as opposed to the value of a single bitcoin.

See Also

Bitcoin Price Analysis

Market capitalization is also a helpful measure for comparing Bitcoin to other financial assets, companies or value systems. As our infographic from August 2019 shows, even though Bitcoin’s market cap has grown considerably and represents by far the highest of any cryptocurrency, it still pales in comparison to many industries and legacy financial assets. When comparing market caps in this way, it’s clear that we have barely scratched the surface of Bitcoin’s financial potential

Peter Chawaga

Peter Chawaga is a senior editor at Bitcoin Magazine. He HODLs BTC.



First published here

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
472FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,553FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.20
GBP
1.33
CHF
1.10
NOK
0.11
JPY
0.01
CAD
0.77
AUD
0.74

Most Popular

Polish city becomes first to adopt Ethereum blockchain for emergency services

Olsztyn, Poland is reportedly the first city in the world to leverage Ethereum’s blockchain to aid the provision of emergency services, offering yet...

Chainlink Participating in Gitcoin Grants Round 8 to Support Ethereum

Open-source infrastructure and development...

Price analysis 11/27: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, XLM, BNB

Bitcoin’s recent correction is healthy, but several altcoins have lost momentum and could remain range-bound for a few days. First published here
bitcoin
Bitcoin (BTC) $ 16,982.76
ethereum
Ethereum (ETH) $ 514.82
ripple
XRP (XRP) $ 0.550903
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 264.30
bitcoin-cash-sv
Bitcoin SV (BSV) $ 161.21
litecoin
Litecoin (LTC) $ 68.57
eos
EOS (EOS) $ 2.84
binancecoin
Binance Coin (BNB) $ 28.14
okb
OKB (OKB) $ 5.17
tezos
Tezos (XTZ) $ 2.26
leo-token
LEO Token (LEO) $ 1.34
cardano
Cardano (ADA) $ 0.137478
monero
Monero (XMR) $ 115.78
stellar
Stellar (XLM) $ 0.192125
chainlink
Chainlink (LINK) $ 12.42
huobi-token
Huobi Token (HT) $ 4.05
tron
TRON (TRX) $ 0.029015
usd-coin
USD Coin (USDC) $ 0.998662
dash
Dash (DASH) $ 91.84
neo
NEO (NEO) $ 16.79
iota
IOTA (MIOTA) $ 0.312005
nem
NEM (XEM) $ 0.164618
zcash
Zcash (ZEC) $ 68.82
maker
Maker (MKR) $ 512.67
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 6.16
vechain
VeChain (VET) $ 0.014271
true-usd
TrueUSD (TUSD) $ 0.999660
ftx-token
FTX Token (FTT) $ 3.95
kucoin-shares
KuCoin Shares (KCS) $ 0.795342
waves
Waves (WAVES) $ 6.45