You have successfully emailed the post. 700 bitcoin market capitalization to reach a fresh all-time high on Wednesday.
The record high comes as bitcoin continues to recover from its Christmas plunge. 700 billion on Wednesday to reach a fresh all-time high. 707 billion, as of around 8. Market capitalisation is a basic valuation metric which multiplies the value of an asset — usually a share in a company — by the amount of that asset in circulation. The total market cap of the crypto market has spiked higher in recent months as many of the more than 1,300 cryptocurrencies in circulation rose.
The pre-Christmas sell off seems to be well behind us now. Though Bitcoin is still a bit off her all-time highs some of the alts are generating some serious momentum. 8,000 in a matter of days over Christmas after a manic rally in December. Bitcoin’s gains have continued into Wednesday, with the cryptocurrency up by around 1.