{"id":176500,"date":"2021-02-12T07:50:20","date_gmt":"2021-02-12T04:50:20","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-market-cap-briefly-tops-900-billion\/"},"modified":"2021-02-12T07:50:20","modified_gmt":"2021-02-12T04:50:20","slug":"bitcoin-market-cap-briefly-tops-900-billion","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-market-cap-briefly-tops-900-billion\/","title":{"rendered":"# Bitcoin market cap briefly tops $900 billion"},"content":{"rendered":"

“# Bitcoin market cap briefly tops $900 billion <\/strong>”
\n<\/p>\n

Bitcoin is closing in on a trillion dollar market cap, with the total value of all Bitcoin crossing $900B for the first time today as the price hit new record highs.<\/p>\n

Bitstamp<\/a>, one of the oldest Bitcoin exchanges still in operation, recorded a peak price of $49,000, resulting in a fleeting market cap of $912.69 billion. Bitcoin is currently priced at $47,250 per coin, up 5% over the last 24 hours and 28% in the last seven days.<\/p>\n

A market cap of $900 billion represents the addition of $354 billion in 2021 alone. The previous all-time high for Bitcoin\u2019s market cap was set on Feb. 8, when it topped out at $888 billion.<\/p>\n

Bitcoin currently accounts<\/a> for 61% of the total market cap of all cryptocurrencies, which also reached all-time highs as the majority of top altcoins moved up alongside Bitcoin. The market cap of all cryptocurrencies peaked at $1.463 trillion today \u2013 gaining 88.5% in 2021 so far after starting the year at $776 billion.<\/p>\n

According to CompaniesMarketCap<\/a>, a website that ranks the world\u2019s most traded assets by their market capitalization, Bitcoin is now the ninth biggest asset in the world, overtaking Facebook<\/a> and Tesla in the last week. When placed on a list of nations by GDP, Bitcoin\u2019s $900 billion falls in between the countries of Mexico ($1.04 trillion) and the Netherlands ($886 billion).<\/p>\n

The fresh highs for Bitcoin come on the day of the app<\/a>roval of the first Bitcoin ETF in North America, the same week as news<\/a> emerged Tesla bought $1.5B of BTC, and amid a regulatory atmosphere that has been increasingly friendly toward cryptocurrency-related developments in fintech.<\/p>\n

Earlier this month, the Biden administration created a buzz in the crypto community by appointing some crypto-friendly personalities to high positions, potentially signaling the opportunity for a greater degree of cooperation between regulatory forces and blockchain-based enterprise.<\/p>\n