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Bitcoin Price Sets New Record As Cryptocurrency Market Tops $200 Billion
Amid a surging cryptocurrency market, bitcoin price gains have continued today, reaching a new all-time high of over $7,450.
Updated Sep 14, 2021, 1:56 p.m. Published Nov 3, 2017, 11:00 a.m.
Amid a surging cryptocurrency market, bitcoin price gains have continued today, reaching a new all-time high of over $7,450.
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A rapid rise starting around 03:00 UTC saw the cryptocurrency peak at $7,454 at 10:38 UTC. The session opened at $7,030. At press time, the price of a bitcoin is down slightly $7,402, according to CoinDesk's Bitcoin Price Index – a 5.29 percent gain for the day so far.
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As per CoinMarketCap, bitcoin is up over 27.15 percent for the last 7 days, and its market capitalization has now peaked at over $124 billion.
The combined market cap for all cryptocurrencies has also once again reached record levels, passing $202 billion for the first time.
Hot-air balloons image via Shutterstock
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Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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