$ 300 billion: Bitcoin brings record high market capitalization
As the data from CoinMarketCap.com prove, this currently amounts to over 300 billion dollars for all cryptocurrencies. Bitcoin represents a large part of the total and contributes approximately $ 158 billion to market capitalization.
The Bitcoin price just yesterday cracked the 9000 dollar mark and is still traded for 9482 dollars.
The renewed increase also illustrates the accelerating pace at which the cryptocurrency market is accelerating. It was only on 3 November that market capitalization rose for the first time to more than 200 billion, after breaking the 100 billion mark in June.
But other cryptocurrencies also contributed to the significant increase in market capitalization.
Ether, the second largest cryptocurrency, is currently trading at $ 475, contributing approximately $ 46 billion to the cryptocurrency market. Also, the ether price rose considerably in the last week. Around 25% increased the price of an ethers and a new record was reached on the weekend.
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