Bitcoin has seen a significant increase, with prices hitting $67,000 before the halving next month.

Bitcoin’s market capitalization has set a new record, reaching $1.32 trillion, surpassing its previous peak in November 2021 of approximately $1.3 trillion. Since the beginning of the year, Bitcoin’s total market capitalization has witnessed an increase of more than 135%

The lowest market cap Bitcoin (BTC) has had was around $297.3 billion in November 2022. This calculation comes from the current circulation of 19,644,550 bitcoins, as reported by CoinMarketCap.

Market capitalization in the cryptocurrency context is determined by multiplying the total circulating supply by the current price of a single unit. This method means Bitcoin’s market cap can grow faster than its price due to the ongoing mining and addition of new coins.

The recent surge in Bitcoin’s value is primarily attributed to the approval of spot ETFs in the United States, which have experienced considerable inflows.

Follow Us on Google Ne
Go to Source to See Full Article
Author: Bralon Hill

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details