Bitcoin’s market value has reached an all-time high of over $1.3 trillion. This is a significant milestone for the cryptocurrency, which has been on a steady upward trend in recent months.
Market Cap Sets New Record
The market cap of Bitcoin, which represents the total value of all Bitcoin in circulation, has surpassed its previous high of $1.3 trillion set in December 2021. This means that the total value of all Bitcoin is now worth more than the GDP of many countries.
Other Charts Hitting Records
In addition to the market cap chart, Bitcoin’s value has also hit new highs in other currencies, including the Australian Dollar. At current prices, Bitcoin is trading over $100,000 per coin in Australian currency.
Bitcoin Price Nearing All-Time High
While the market cap chart has already set a new record, the price of Bitcoin in US dollars is still slightly below its all-time high. However, at current prices, Bitcoin is less than 2% away from setting a new record. It remains to be seen whether Bitcoin will be able to break through this barrier and reach a new all-time high in the coming days.
