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$300 Billion: Bitcoin Price Boosts Crypto Market Value to Record High
The total market capitalization for the cryptocurrency market has exceeded $300 billion for the first time.
By Stan Higgins
Updated Sep 13, 2021, 7:12 a.m. Published Nov 27, 2017, 2:46 a.m.
The total market capitalization for the cryptocurrency market has exceeded $300 billion for the first time.
Data from CoinMarketCap.com shows that the market capitalization for all cryptocurrencies is currently at roughly $300.5bn. Of that amount, bitcoin's market cap represents the lion's share, accounting for about $158 billion.
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The move comes as the price of bitcoin continues its surge above $9,000, trading at roughly $9,482, according to the CoinDesk Bitcoin Price Index (BPI).
The push above $300 billion perhaps also showcases the pace at which the market has grown in recent weeks. On Nov. 3rd, the overall market capitalization rose above $200 billion for the first time. By contrast, the market crossed the $100 billion level back in June.
Other cryptocurrency market developments contributed to today's market capitalization milestone, additional data reveals.
The world's second-largest cryptocurrency, ethereum, has a press-time market capitalization of $46 billion and is currently trading at about $475, representing a price increase of more than 25% in the past week. Like bitcoin, ethereum also hit a new all-time high over the weekend.
Hot air balloon image via Shutterstock
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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