The price of the cryptocurrency hit an all-time high of $4,483.55 in early trade on Tuesday, continuing the strong rally seen in the past couple of weeks, according to industry website CoinDesk. Bitcoin did dip, however, as low as $4,265.29 on the day.
Bitcoin's market capitalization — the total number of coins in circulation multiplied by the price — also hit $73.5 billion when the record high was hit, Coinmarketcap data shows. This makes it the highest market capitalization yet.
If bitcoin was a stock (which it isn't), it would be the seventy-fourth biggest by market capitalization, just behind Adobe and Netflix on the S&P 500. Adobe has a market cap of $73.6 billion while Netflix is worth $73.8 billion, putting bitcoin within touching distance of both.