Category: NFT News

Bitcoin’s Market Cap Hits All-time High of $1.3 Trillion

By Published On: March 4, 20240.7 min readViews: 2380 Comments on 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.

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.

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The network is currently valued at $1.32 trillion, according to data from CoinMarketCap.

Bitcoin’s Market Capitalization

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.