Bitcoin Reaches $900, Highest Ever Market Cap at $14.5 Billion

The bitcoin rally is going into overdrive as the cryptocurrency's price jumps $100 in two days.

Get ready for all your friends asking you again how they can get some bitcoin, because the price of the cryptocurrency is again breaking records not seen in almost three years in a way that will send the hype into overdrive and will attract more mainstream attention.

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The BTC/USD exchange rate now stands at just over $900. This is a remarkable milestone not just for the round, eye-catching number, but also for the speed with it was achieved. Just two days ago the cryptocurrency online community was celebrating the $800 record, and this is already $100 behind the current level.

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Considering that this most recent jump was in part driven by people that were sitting on the sidelines or who had even just heard about bitcoin for the first time due to the $800 price fanfare, it is possible that this news will also attract such people and propel the BTC/USD exchange rate to $1000 per blockchain token in a short time.

Looking at the all-important Chinese bitcoin exchanges, where the absolute majority of trading volume comes from these days, we can see that the price is almost at CNY 6400 (worth about $920 already).

In total, the overall market capitalization of the entire bitcoin blockchain is valued at just over $14.5 billion now thanks to this recent rise – a new all-time record. This is still the overwhelming share of the entire market value of all blockchain assets and currencies in circulation, now worth just about $16.5 billion in total.


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