Bitcoin flirts with trillion dollar valuation as price rises above $47,000 | Headlines | News | CoinMarketCap
02/09/2024 22:55
Bitcoin briefly surpassed a fully diluted valuation of $1 trillion on Friday as the price of the world's largest digital asset rose above $47,000 for …
Bitcoin briefly surpassed a fully diluted valuation of $1 trillion on Friday as the price of the world's largest digital asset rose above $47,000 for the first time since March, 2022.
The price of bitcoin rose 4.5% to $47,035 at 10:14 a.m. ET for a total market capitalization of $931.5 billion, according to The Block's Price Page. Fully diluted valuation, which measures the value of all bitcoin that will ever be mined, was at $996.9 billion.
The price of bitcoin has increased by over 5% in the past 24 hours. Image: The Block.
The global cryptocurrency market cap now stands at $1.87 trillion, an increase of 4.7% in the past 24 hours. Bitcoin dominance is at 49.7%, while ether accounts for 16.1% of the total crypto market.
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