Considering the seemingly unstoppable momentum in bitcoin price action, a new all-time high in 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 ATH Record
Cryptocurrency bulls have something to celebrate today, even if BTCUSD is yet to hit a new all-time high. This is because the market cap chart has, and the total value of the bitcoin network is currently around $1.33 trillion.
The previous peak was clearly set at $1.3 trillion in December 2021, just before the leading cryptocurrency fell into the troughs of a bear market.
btc Market Cap is now $1.33 trillion | BTCUSD on TradingView.com
Other bitcoin Charts at New All-Time Highs
The btc market cap chart calculated by TradingView is not the only non-USD chart to hit new all-time highs. The reigning king of cryptocurrencies has also broken records in more than a dozen different national currencies, such as the Australian dollar, which is trading at more than $100,000 per coin.
At current prices of $67,900, BTCUSD is less than 2% away from a new all-time high. Can the leading cryptocurrency set a new record this week?
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