Sunday , November 24 2024
Home / Bitcoin (BTC) / Total Crypto Market Cap Breaks The January 2018 ATH: Bitcoin Touches $33K

Total Crypto Market Cap Breaks The January 2018 ATH: Bitcoin Touches $33K

Summary:
Shortly after bitcoin broke above its 2017 all-time high of ,000, most of the cryptocurrencies followed with serious gains. Earlier today, the cumulative market capitalization of all digital assets overcame the previous high by surging north of 6 billion.According to data from one of the leading cryptocurrency monitoring resources, CoinMarketCap, the market cap reached somewhere around 4 billion during the parabolic price increase in 2017/2018.However, the recent bull run within the market has resulted in a new record of 6 billion per data from CoinMarketCap.It’s worth noting the growth experienced within the past several months. By reaching this record, the market cap has added 0 billion since December 29th, 0 billion since December 24th, and 0 billion since late

Topics:
Jordan Lyanchev considers the following as important: , , , , , , , ,

This could be interesting, too:

Mandy Williams writes Bitcoin Fear and Greed Index Hits 3.5-Year High: Does it Hurt BTC’s Chances for 0K?

Jordan Lyanchev writes BTC Crash Impending? Jim Cramer Calls Bitcoin a ‘Winner’

Jordan Lyanchev writes Double-Digit Price Surges From These Altcoins as BTC Was Stopped Before 0K (Weekend Watch)

Wayne Jones writes VanEck Analyst Predicts Successive All-Time Highs for Bitcoin in Coming Months

Shortly after bitcoin broke above its 2017 all-time high of $20,000, most of the cryptocurrencies followed with serious gains. Earlier today, the cumulative market capitalization of all digital assets overcame the previous high by surging north of $836 billion.

  • According to data from one of the leading cryptocurrency monitoring resources, CoinMarketCap, the market cap reached somewhere around $834 billion during the parabolic price increase in 2017/2018.
  • However, the recent bull run within the market has resulted in a new record of $836 billion per data from CoinMarketCap.
  • It’s worth noting the growth experienced within the past several months. By reaching this record, the market cap has added $140 billion since December 29th, $240 billion since December 24th, and $360 billion since late November. Moreover, the market cap was at just $330 billion in early October – meaning an increase of over $500 billion in three months.
  • Somewhat expectedly, bitcoin is responsible for the largest share. The primary cryptocurrency has been on a tear since Q4 2020 and accounts for over 72% of the market cap. 
  • Bitcoin has skyrocketed more than 3x in value in those months. It broke above $20,000 for the first time and continued north. The cryptocurrency kept painting fresh all-time highs frequently.
  • Just today, bitcoin overcame $30,000 but didn’t stop there and broke above $33,000 for its latest ATH but it has decreased slightly to $32,300 as of writing these lines. Nevertheless, BTC’s market cap has also marked a new record of over $600 billion. 
BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Leave a Reply

Your email address will not be published. Required fields are marked *