February 22, 2017 5:33 PM UTC

Newsflash: Bitcoin Market Cap Hits $18 Billion

The momentum of bitcoin’s continuing rally in the lead up to the SEC’s bitcoin ETF ruling in March sees the cryptocurrency make marked gains. Bitcoin’s market capitalization is now at a notable all-time high, scaling $18 billion.

According to data from CoinMarketCap, a total of 128,002 BTC was traded in a 24-hour period at the time of publishing, valued at a little over $150 million. With over 16.1 million bitcoins currently mined from the available pool of 21 million, the total value of bitcoins in circulation is over $18 billion.

If bitcoin was dropped into the M1 (liquid or narrow money stock metric, it would rank at #70 on the CIA global list, between Burman and Slovenia.

On the day, bitcoin struck a high of $1,130.8 on the Bitstamp Price Index (BPI). At the time of publishing, bitcoin is trading to the dollar at $1,129.

For a live Bitcoin Price chart, click here.

For the most recent bitcoin price analysis piece from CCN analyst Jim Fredrickson, click here. Today’s analysis will be published shortly.

All time references are in Coordinated Universal Time (UTC).

Image from Shutterstock. Charts from Bitcoin Wisdom and CoinMarketCap.

Last modified: May 21, 2020 10:02 AM UTC

Samburaj Das @sambdas

Samburaj is the Editor for CCN, among the earliest and foremost publications covering financial and blockchain news. He has authored over 2,000 articles for CCN. Email him samburaj(@) or find him barely tweeting @sambdas

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