Bitcoin now has a $1T ‘market cap lead’ on ETH between $68K.
The market capitalization of BTC has reached 1.35 trillion dollars, now more than 1 trillion dollars between the two kriptovalyutnyh number above 68,000 dollars of BTC price trading.
The 8.9% increase in Bitcoin's market cap – the value of all virtual currencies – since October 12 has led to further speculation that Bitcoin has much more upside left.
“Bitcoin now has a market capitalization of $ 1 trillion on Ethereum, a new ATH for its distribution,” Glassnode's chief analyst James Cheek commented in an October 19 X article.
Bitcoin's market cap is currently $1.35 trillion. Source: CoinMarketCap
Ethereum also teased X's user further by playing devil's advocate by saying “it will be glorious to return” and “maybe not”.
BTC market cap is now $1T higher than ETH
Meanwhile, Ethereum's market cap has reached $318.32 billion.
This comes as Bitcoin hit $67,000 for the first time since July 28, according to TradingView data, which was the last time the market capitalized at $1.34 trillion.
Since October 19, Bitcoin has decreased by 0.30%. Source: TradingView
At the time of publication, Bitcoin is trading at $68,152.
On May 21, Bitcoin's all-time high market cap reached $1.41 trillion.
Currently, it ranks tenth among world assets by market value, behind Meta Platform (Facebook) shares with a market value of 1.48 trillion dollars.
Bitcoin is two places ahead of Berkshire Hathaway by market capitalization. Source: CompaniesMarketCap
According to the company's market cap data, gold stands as the largest asset by market cap.
Senior Bitcoin expert Fred Krueger said:
“That market is currently 50 trillion. Let's estimate 100 trillion in 2040. That's 76x Bitcoin's 1.3 trillion market cap. In other words, Bitcoin will reach 5 million.
Analysts say BTC market value has a lot of room for growth
Bitcoin maxi Kyle Chase 219,600 X Followers “Do the f*cking math!” they have. To Blackrock CEO Larry Fink's comments comparing Bitcoin to the “early days” of the mortgage market.
Related: Tesla Moves Entire $765M Bitcoin Storage To Anonymous Wallets
Meanwhile, crypto analyst Dylan LeClair echoed the same sentiment in an Oct. 15 interview with Fox Business, saying, “This is a $100 trillion idea, this is a $100 trillion technology.”
Meanwhile, some traders say there are no signs of a frenzy in Bitcoin just yet.
“During the pandemic, the Fed printed $16T. That's x12.4 the current market value of Bitcoin. We are too early,” commented the pseudonymous crypto investor Bitcoin for Freedom in an X post.
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