Bitcoin’s Market Capitalization History (2013 – 2023, $ Billion) (2024)

FAQs

Bitcoin’s Market Capitalization History (2013 – 2023, $ Billion)? ›

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.

The Bitcoin market capitalization increased from approximately one billion U.S. dollars in 2013 to several times this amount since its surge in popularity in 2017.

Bitcoin Market Cap is at a current level of 1.096T, up from 1.073T yesterday and up from 501.50B one year ago. This is a change of 2.17% from yesterday and 118.6% from one year ago.

Price rose from $150 in October to $200 in November, reaching $1,242 on 29 November 2013. The lowest price since the 2012–2013 Cypriot financial crisis had been reached at 3:25 AM on 11 April. Price broke above the November 2013 high of $1,242 and then traded above $1,290.

On December 31, 2014, Bitcoin (BTC) had a market capitalization of $4.4B, based on 13.67M coins issued at a price of $320.19.

Crypto became more accessible as a result. The price followed the increase in adoption. Opening in 2013 at $13, BTC skyrocketed to breach $1,000 by November 2013.

The market capitalization of Bitcoin reached $1.35 trillion, scaling the peak of $1.28 trillion from November 2021, CoinGecko data show.

As of August 21, 2024, BTC is trading at $59,732 with a market capitalization of $1.18 trillion. The price of the popular cryptocurrency has fallen by 19.13% after setting a new record of $73,750, with a market capitalization reaching $1.44 trillion on March 14, 2024. Bitcoin halving was completed on April 20, 2024.

Bitcoin Cash Stats

The current market cap of Bitcoin Cash is $6.49B.

On December 31, 2012, Bitcoin (BTC) had a market capitalization of $142.8M, based on 10.61M coins issued at a price of $13.45.

When was 1 Bitcoin worth the most? ›

By the way, to recap, Bitcoin's highest price was $73,844, and it was reached on the 14th of March, 2024. After gaining insight into Bitcoin's price history, you now have a better understanding of this cryptocurrency. However, it's important to remember that Bitcoin's value is subject to frequent fluctuations.

August 2013 – December 2017: Bitcoin breaks through to popular consciousness. After months of consolidating from its rise earlier in the year, Bitcoin reached new heights in November 2013. Priced at $213 entering the month, Bitcoin doubled to nearly $435 just 12 days later.

In 2021, BTC hit an all-time high price of US$68,789.63. On the other hand, BTC has had its fair share of valleys throughout its history. At certain points in time — including 2018 and 2022 — it was trading at a discount of up to 50%.

For a cryptocurrency like Bitcoin, market capitalization (or market cap) is the total value of all the coins that have been mined. It's calculated by multiplying the number of coins in circulation by the current market price of a single coin.

Market Capitalization of Bitcoin

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.

Bitcoin spent the rest of the year gradually declining and closed 2014 at about $318. The year 2015 started with Bitcoin declining, but most of the year was a slow uptrend, unusual for Bitcoin, and it ended the year at $430.