Bitcoin’s Market Cap Hits All-time High of $1.3 Trillion
With BTC trading within 3% of its 2021 record, the network's market capitalization has surpassed the milestone due to the increase in circulating supply over the past two years.
By: yyctrader • Loading...
Markets![Bitcoin’s Market Cap Hits All-time High of $1.3 Trillion](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fdb421bd4348a78822f6cbf0e17329937d71e522e-1792x1024.webp&w=828&q=75)
As Bitcoin inches closer to an all-time high in dollar terms, the market capitalization of the world’s most valuable blockchain has already surpassed its November 2021 peak of $1.27 trillion.
The network is currently valued at $1.32 trillion, according to data from CoinMarketCap.
![chart of Bitcoin's Market Capitalization](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F68582077f756c19c1d93081ed6fdcb272b103f49-892x481.jpg&w=828&q=100)
Nearly 2 million BTC have been issued as block rewards to miners since November 2021 - Bitcoin’s circulating supply stands at 19.64 million today, up from 18.87M at the height of the last bull market.
![Bitcoin Supply chart](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fd67070f9bffaa2e79be3fa4773aa86d1f4ce3dc9-969x244.jpg&w=828&q=100)
Meanwhile, investor appetite for spot Bitcoin ETFs shows no signs of slowing down, with ProShares’ BITO set to surpass $1 billion in trading volume today.
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