New record: Bitcoin surpasses $1.6 trillion market cap

Supported by a brand-new all-time high (ATH) market rate above $81,000, the overall market capitalization of Bitcoin crossed $1.6 trillion for the very first time given that its launch in 2009. On Nov. 11, Bitcoin (BTC) reached a market capitalization of $1.62 trillion in the middle of the ongoing bull market, concurrently bringing up the worldwide crypto market cap to its previous splendor of $2.71 trillion, according to data from Cointelegraph Markets Pro and CoinMarketCap.Bitcoin market capitalization hits $1.62 trillion. Most just recently, Bitcoin reached $1 trillion market capitalization in February 2024, when BTCs price rose above $51,000.