A new report from CoinDesk says that the value of the Bitcoin network is now worth $18 billion according to blockchain data.
As well as showing that Bitcoin’s value has now increased by about 80% in a month, the report also shows that the Bitcoin price has also increased by around 60% since it peaked at around $1,200 in December last year.
“Bitcoin has been an incredible success story, with the value being higher than ever,” said CoinDesk co-founder and CEO Adam White in a statement.
“It is now clear that Bitcoin is the cryptocurrency that is most widely adopted and has the most potential to become the global standard for value transfer.
We are excited about the continued growth of Bitcoin, and look forward to continuing to help its continued growth.”
According to the report, Bitcoin was initially worth $5,400 in 2017, but has since grown by over 300% since then, and it has now been worth $22,200 since December.
The Bitcoin price is currently trading at around around $538, and has now risen by over 70% since its peak in January 2017.
It is currently valued at $1.2 trillion, and is estimated to have a market cap around $20 billion.