For the first time in the history of Bitcoin, the total market capitalization has passed the $24 billion marker.

Today for the first time the Bitcoin market cap reached an all time high, just passing over $24 billion, as pictured below in the Bitcoin Market Cap chart.

What is the Bitcoin Market Cap?

The Bitcoin market capitalization is the total value of all the bitcoin in existence. If you take the total coins available in circulation and multiply it by the price of Bitcoin, you get the total market cap, which is another data point to use when measuring the investments made into this market.

At this time, the Bitcoin price is holding steady at $1452 USD, which is also at an all time high.