$1.3+ Trillion: Bitcoin Market Cap Sets New Record All-Time High
04 Marzo 2024 - 4:54PM
NEWSBTC
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. Related Reading: Why “Overbought” Bitcoin
Could Trigger A 107% Rally 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. 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. Related
Reading: Bitcoin Gives Early Top Warning Signal, But Price Could
Double First 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
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