$1.3+ Trillion: Bitcoin Market Cap Sets New Record All-Time High

Considering the seemingly unstoppable momentum in Bitcoin price action, a new all-time high on the BTCUSD trading pair is less than 2% away. Meanwhile, due to the supply of new BTC unlocked since 2021, the BTC market cap chart has reached a new all-time high above $1.3 trillion.

Crypto bulls have something to celebrate today, even if BTCUSD doesn’t make a new all-time high just yet. That’s because the market cap chart has, and the total value of the Bitcoin network is currently around $1.33 trillion.

The previous peak was squarely set at $1.3 trillion back in December 2021, just prior to the top cryptocurrency falling into the troughs of a bear market.

The BTC market cap chart as calculated by TradingView, isn’t the only non-USD chart that’s made new all-time highs. The reigning king of crypto has also broken records in over a dozen different national currencies, such as the Australian Dollar, which is trading over $100,000 per coin.

At current prices of $67,900, BTCUSD is less than 2% away from a new all-time high itself. Can the top cryptocurrency set a new record this week?