Bitcoin market cap briefly tops $900 billion

February 12, 2021   Bitcoin

Bitcoin’s market cap was less than $100 million short of $1 trillion for a few brief moments today. 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 after starting the year at $776 billion.

According to CompaniesMarketCap, a website that ranks the world’s most traded assets by their market capitalization, Bitcoin is now the ninth biggest asset in the world, overtaking Facebook and Tesla in the last week. When placed on a list of nations by GDP, Bitcoin’s $900 billion falls in between the countries of Mexico ($1.04 trillion) and the Netherlands ($886 billion).

The fresh highs for Bitcoin come on the day of the approval of the first Bitcoin ETF in North America, the same week as news emerged Tesla bought $1.5B of BTC, and amid a regulatory atmosphere that has been increasingly friendly toward cryptocurrency-related developments in fintech.

Earlier this month, the Biden administration created a buzz in the crypto community by appointing some crypto-friendly personalities to high positions, potentially signaling the opportunity for a greater degree of cooperation between regulatory forces and blockchain-based enterprise.

Source

Share
Pin
Send
Share
Share

Related Crypto News and Promotions




Top upcoming ICOs

ICOs Rating Days left
1 2local 5 31
2 PointPay 5 144
3 Geco.one 4.9 0
4 Pawtocol 4.9 0
5 Ledder 4.9 30
6 DogData 4.9 31
7 Tycoon 4.9 61
8 SerenitySource 4.9 61
9 Curate 4.9 91
10 IdeaFex 4.9 474

ICOs rating

Top Cryptocurrencies

Сryptocurrency CVIX Price Change, 24h
Bitcoin 71 $45 278.45 -2.79%
Ethereum 69 $1 371.39 -6.87%
Cardano 87 $1.31 -7.28%
Tether 1 $1.00 0.14%
Binance Coin 83 $214.64 -5.34%
Polkadot 85 $32.28 -3.47%
XRP 74 $0.419500 -3.50%
Litecoin 70 $161.61 -6.53%
Chainlink 70 $24.44 -3.67%
Stellar 73 $0.413700 2.04%

Cryptocurrencies rating

Top Crypto Brokers

Broker Status
1 FIBO Group information
2 OctaFX information
3 101investing information
4 T1Markets information
5 easyMarkets information
6 Orbex information
7 XM information
8 LH Crypto information
9 USGFX information
10 LiteForex information

Brokers rating

Top Crypto Exchanges

Exchange Volume change, 24h
1 Binance 12.10%
2 Coinbase Pro 14.28%
3 Kraken 18.95%
4 Bitfinex 17.71%
5 KuCoin 1.59%
6 Venus 32.12%
7 Binance.KR 17.13%
8 EtherFlyer 41.08%
9 HBTC 5.33%
10 Hydax Exchange 2.71%

Exchanges rating