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Bitcoin’s market capitalization hits a new all-time high, breaking December 2017 record

Bitcoin’s market capitalization hits a new all-time high, breaking December 2017 record

The market capitalization of bitcoin has broken its previous all-time high record, according to market data.

Information published by Coin Metrics, which tracks data in the cryptocurrency space, shows the market cap of bitcoin exceeded the $328.89 billion reported on December 16, 2017.

As shown in the chart below, the market cap of bitcoin hit $329.91 billion as of time of writing at a price of $17,789 per BTC. At that level, the total supply of bitcoin in existence was 18,546,050.40.

Source: Coin Metrics, The Block Research

Earlier Tuesday, bitcoin’s price crossed the $17,000 mark for the first time since January 2018.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Author: Michael McSweeney