Bitcoin's market capitalization hits a new all-time high, breaking December 2017 record

The market capitalization of bitcoin has broken its previous all-time high record, according to market data.

Information published by Coin Metrics, which tracks data in the cryptocurrency space, shows the market cap of bitcoin exceeded the $328.89 billion reported on December 16, 2017.

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As shown in the chart below, the market cap of bitcoin hit $329.91 billion as of time of writing at a price of $17,789 per BTC. At that level, the total supply of bitcoin in existence was 18,546,050.40.

Source: Coin Metrics, The Block Research

Earlier Tuesday, bitcoin's price crossed the $17,000 mark for the first time since January 2018.