• Bitcoin had a market capitalization of $1.3 billion on May 1, 2013
• Bitcoin has the largest market capitalization as compared to its peer
• On November 9, 2021, bitcoin had the largest market capitalization of $1.28 trillion

Market Capitalization of Bitcoin on a Daily Basis

Market Capitalization of Bitcoin

Bitcoin (BTC) had the highest market capitalization of $1.28 trillion on November 9, 2021. Any cryptocurrency’s market capitalization is determined by multiplying its current price by the total number of coins or tokens in circulation.

Bitcoin had a market capitalization of $1.2 billion on May 1, 2013. It took bitcoin nearly nine years from the date of its creation to reach the $100 billion mark, when it reached $100.1 billion in market capitalization on October 21, 2017.

From October 2017 to October 2020, the market capitalization of bitcoin remained under the $250 billion mark, but from November 2020 to February 2021, bitcoin grew at an unprecedented rate of 321% to breach the $1,000 billion market capitalization mark briefly.

On November 9, 2021, bitcoin briefly reached its highest market capitalization of $1.28 trillion with a price of $67,617.02 per bitcoin.

Bitcoin’s popularity:

Bitcoin has been at the forefront in the world of cryptocurrencies, bitcoin has not only been the leading cryptocurrency but has also been the go-to cryptocurrency for the majority of crypto users, thus making it a good indicator of the crypto market in general. On the flipside, bitcoin is also one of the most volatile cryptocurrencies.