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Home»Bitcoin»Bitcoin Market Cap Sets New All-Time High
Bitcoin

Bitcoin Market Cap Sets New All-Time High

2024-03-04No Comments2 Mins Read
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Given the seemingly unstoppable momentum in Bitcoin’s price action, a new all-time high on the BTCUSD trading pair is less than 2% away. Meanwhile, thanks to the supply of new BTC since 2021, BTC’s market cap chart has reached a new all-time high of over $1.3 trillion.

BTC Market Cap Sets New Record ATH

Crypto bulls have something to celebrate today, even if BTCUSD is yet to hit a new all-time high. That’s because the market cap chart does, and the total value of the Bitcoin network is currently around $1.33 trillion.

The previous peak was set outright at $1.3 trillion in December 2021, just before the top cryptocurrency hit the bottom of a bear market.

BTC_2024-03-04_17-02-32

BTC Market Cap is now $1.33 trillion | BTCUSD on TradingView.com

Other Bitcoin Charts at New All-Time Highs

The BTC market cap chart, as calculated by TradingView, is not the only non-USD chart to reach new all-time highs. The reigning king of crypto has also broken records in more than a dozen different national currencies, such as the Australian dollar, which trades for more than $100,000 per coin.

At current prices of $67,900, BTCUSD is less than 2% away from a new all-time high. Can the top cryptocurrency set a new record this week?

Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.

See also  Whale Shorts $ 445 million in Bitcoin - Traders Plot Liquidation

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