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$1.3+ Trillion: Bitcoin Market Cap Sets New Record All-Time High

source-logo  newsbtc.com 05 March 2024 00:12, UTC
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Considering the seemingly unstoppable momentum in Bitcoin price action, a new all-time high on the BTCUSD trading pair is less than 2% away. Meanwhile, due to the supply of new $BTC unlocked since 2021, the $BTC market cap chart has reached a new all-time high above $1.3 trillion.

$BTC Market Cap Sets New Record ATH

Crypto bulls have something to celebrate today, even if BTCUSD doesn’t make a new all-time high just yet. That’s because the market cap chart has, and the total value of the Bitcoin network is currently around $1.33 trillion.

The previous peak was squarely set at $1.3 trillion back in December 2021, just prior to the top cryptocurrency falling into the troughs of a bear market.

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

Other Bitcoin Charts At New Record Highs

The $BTC market cap chart as calculated by TradingView, isn’t the only non-USD chart that’s made new all-time highs. The reigning king of crypto has also broken records in over a dozen different national currencies, such as the Australian Dollar, which is trading over $100,000 per coin.

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

Tony is the author of the CoinChartist (VIP) newsletter. Sign up for free. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from Shutterstock, Charts from TradingView.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
newsbtc.com