BTC is approaching a total market capitalization of $ 1 trillion. The total value of all bitcoins today exceeded $ 900 billion for the first time, while the price reached a new record high. Bitstamp is one of the oldest bitcoin exchanges still in operation. BTC recorded a price of $ 49,000 there, resulting in a market cap of $ 912.69 billion. The price of bitcoin is currently at $ 46,700.

The market ceiling of $ 900 billion represents an increase of up to $ 354 billion in 2021 alone. The previous historical maximum for the market capitalization of bitcoin was set on February 8, when it peaked at $ 888 billion. Bitcoin currently accounts for 61% of the total market capitalization of all cryptocurrencies, which has also reached historic highs. The market capitalization of all cryptocurrencies today peaked at $ 1.463 trillion, an increase of 88.5% in 2021.

BTC went around Tesla and Facebook

According to the companies portal MarketMarketCap, which ranks the most traded assets in the world according to market capitalization, bitcoin is now the ninth largest asset in the world and overtook Facebook and Tesla last week.

Fresh bitcoin highs come on the day North America's first bitcoin ETF was approved, the same week that news emerged that Tesla had bought BTC for $ 1.5 billion. Earlier this month, the Biden administration caused a stir in the crypto community by appointing some cryptocurrency-friendly personalities to senior positions. This potentially signals an opportunity for greater cooperation between regulators and blockchaine-based companies.