Bitcoin Market Cap Breaks $10 Billion

Bitcoin Market Cap Breaks $10 Billion

Bitcoin's fast-growing market capitalization has broken the $10 billion mark (data according to Coinometrics and Blockchain). The news comes just over ten days after our last report on Bitcoin's market cap on November 14th, where it was reported that the market cap was $5 billion. Twenty days ago, Bitcoin's market cap was just over $3 billion, reflecting increased interest in the digital currency largely due to mainstream media reports and recent United States Senate hearings. Here's what the incredible growth looks like on a chart (courtesy: Blockchain): The growth has many speculators....


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Bitcoin Market Cap Reaches 3 Billion

Following the news of Bitcoin hitting its all-time high on Tuesday night, Bitcoin's market cap has hit yet another milestone. Three billion dollars, in fact. The news comes just about a week the after market cap reached $2.5 billion - signaling immense growth. No doubt, the influx has very much to do with the excitement over the price getting higher (i.e. more people throwing their money in with anticipation the price will get higher). Bitcoin's market cap has grown so very rapidly, making many question when we'll hit the $4 billion mark. By year's end, perhaps?

Bitcoin Market Cap Surpasses $5 Billion

Bitcoin's total market capitalization has exceeded $5 billion USD. The news comes just says after we posted about the market cap hitting $3 billion, putting the digital currency at a growing rate that is so very impressive. The chart above will give you some level of understanding as to just how fast Bitcoin is growing as the mainstream gets accustomed to its presence. The major spike at the right of the chart from Oct/Nov dwarfs this year's previous highs - over $2.5 billion market cap in April of this year. Can Bitcoin sustain this level of growth? Where do you think we'll be by the end....

Bitcoin Briefly Breaks $9 Billion Market Capitalization

The total market capitalization of Bitcoin rose to $9 billion earlier today as the price increased beyond $576 per bitcoin. The Bitcoin network crossed another milestone earlier today. Thanks to the strong bitcoin trading in the past few weeks, the value of the digital currency has almost reached $600 mark. Simultaneously, keeping up with the increasing bitcoin price, the total market capitalization of the digital currency today crossed $9 billion. Even though the increase in market capitalization beyond $9 billion was short-lived, it is a milestone to be celebrated nevertheless. The....

Max Keiser Predicts $50 Billion Bitcoin Market Cap in 2014

Is 2014 the year of the bitcoin? Max Keiser - broadcaster and huge bitcoin proponent - thinks so (elsewhere: read the newsBTC interview with Max Keiser). Keiser sent out a tweet on Christmas Eve predicting that bitcoin market cap will reach an astonishing $50 billion some time in 2014. By comparison, the current market capitalization of bitcoin is about $8.5 billion - down from this year's high of $14.5 billion during the November spike. Keiser often uses bitcoin as a point of discussion on his RT program 'The Keiser Report', if that is something you're interested in. As for the....

Bitcoin Market Cap Surpasses 2.5 Billion USD Once Again

Today, Bitcoin's market capitalization has once again surpassed the 2.5 billion USD since the second quarter of 2013. While a 2.5 billion USD market cap is considered "chump change" in general economics, it's a great bit of news in the Bitcoin community. The news shows great signs of growth of the cryptocurrency. The question is, will the growth continue even further?

Quotes

Blockchain technology will not only change the way we do payments, it will change the whole trading and settlement topic.

Oliver Bussmann, CIO, UBS