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30 November 2020

Bulls In Control: Total Bitcoin Market Cap Achieves New All-Time High

Bulls In Control: Total Bitcoin Market Cap Achieves New All-Time High


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However, the current market cap of Bitcoin is now currently larger and more valuable than it was back when the cryptocurrency traded higher.

As the price per BTC is traded and buyers and sellers attempt to establish a fair market price, whatever the cryptocurrency trades at multiplied the supply of coins provides the total asset’s market capitalization.

Bitcoin is the most dominant cryptocurrency in the space, taking up as much as 67% currently of the nearly $500 billion total crypto market cap.

At a market cap of $330 billion, Bitcoin is now more than $100 billion more valuable than payments giant PayPal – the company that recently announced support for crypto, igniting the bull market.

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