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    Home » Crypto News » Total Crypto Market Cap Breaks The January 2018 ATH: Bitcoin Touches $33K

    Total Crypto Market Cap Breaks The January 2018 ATH: Bitcoin Touches $33K

    Author: Jordan Lyanchev

    Last Updated Jan 2, 2021 @ 17:04

    The cryptocurrency market capitalization has reached a significant milestone by charting a fresh all-time high above $836 billion while BTC touched $33K.

    Shortly after bitcoin broke above its 2017 all-time high of $20,000, most of the cryptocurrencies followed with serious gains. Earlier today, the cumulative market capitalization of all digital assets overcame the previous high by surging north of $836 billion.

    • According to data from one of the leading cryptocurrency monitoring resources, CoinMarketCap, the market cap reached somewhere around $834 billion during the parabolic price increase in 2017/2018.
    • However, the recent bull run within the market has resulted in a new record of $836 billion per data from CoinMarketCap.
    • It’s worth noting the growth experienced within the past several months. By reaching this record, the market cap has added $140 billion since December 29th, $240 billion since December 24th, and $360 billion since late November. Moreover, the market cap was at just $330 billion in early October – meaning an increase of over $500 billion in three months.
    • Somewhat expectedly, bitcoin is responsible for the largest share. The primary cryptocurrency has been on a tear since Q4 2020 and accounts for over 72% of the market cap. 
    • Bitcoin has skyrocketed more than 3x in value in those months. It broke above $20,000 for the first time and continued north. The cryptocurrency kept painting fresh all-time highs frequently.
    • Just today, bitcoin overcame $30,000 but didn’t stop there and broke above $33,000 for its latest ATH but it has decreased slightly to $32,300 as of writing these lines. Nevertheless, BTC’s market cap has also marked a new record of over $600 billion. 
    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView
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    Tags: Bitcoin (BTC) Price Bitcoin Dominance Total Market Cap
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    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

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