It seems almost too much to imagine, but the market capitalization for Bitcoin has now reached more than 300 billion dollars. The combined market capitalization for all cryptocurrencies is rapidly approaching $ 450 billion.
Just two weeks ago, the market capitalization of all cryptocurrencies passed the $ 300 billion mark, with Bitcoin holding a strong dominant position in this market. However, since that time, the meteoric rise of Bitcoin has left the rest of the market in the dust, with its own market capitalization that has almost doubled in the past two weeks.
The price increase of more than $ 17,000 was the cause of market capitalization growth as large sums of money entered the market. The prospect of introducing Bitcoin into the futures markets both in the United States and abroad has provided a reason for institutional investors to participate meaningfully.
While the cries of a bubble continue to be made public, others like investor Mark Yusko suggest that the price is only starting to increase. The continued coverage of Bitcoin’s home page in the mainstream media can only be helpful. Even if the hedge is negative, people think of the currency.
At the time of going to press, Bitcoin was trading on GDAX at $ 17,340.