The latest leg of Bitcoin's (BTC) recent rally saw its marketplace cap button to a higher place $330 billion for the first time e'er equally prices rallied above $17,750 late Nov. 17.

According to CoinGecko, Bitcoin'due south previous record capitalization of $329.3 billion was posted on Dec. sixteen, 2022, among the marketplace'southward all-time loftier toll rally to examination $twenty,000.

BTC market cap since 2022: CoinGecko

However, the new record for capitalization comes despite the BTC toll itself failing to break into new highs.

There'south a simple explanation for that — Bitcoin'southward expanding supply. While roughly sixteen.75 million Bitcoin existed on Dec. 16, 2022, more than one.8 one thousand thousand coins have since been mined, equating to a 10.75% expansion in supply. That ways Bitcoin is able to have a higher marketplace cap despite today's lower BTC toll.

The combined capitalization of all cryptocurrencies has also pushed to a higher place $500 billion dollars for the commencement time since February 2022.

Combined crypto asset capitalization since 2022: CoinGecko

According to the World Bank, Bitcoin's market capitalization exceeds that of the combined publicly-listed companies based in countries including Kingdom of belgium, Iran, Kingdom of norway, Sweden and the Philippines, while it's more than double those in Denmark, Qatar, Vietnam, Colombia and Poland.

Compared to companies featured in the S&P 500, Bitcoin's market place cap sits roughly $13 billion backside the 11th-ranked Procter and Chance, and above Nvidia and JP Morgan. However, some would debate that comparing Bitcoin to companies isn't very enlightening and that it should be likened to bolt or another nugget class.

Despite the all-time high milestone, some analysts are noting a lack of mainstream media coverage on Bitcoin'southward contempo gains.

However, co-ordinate to information shared by LunarCRUSH, a business firm that tracks social media sentiment regarding crypto, Bitcoin-related news volume has seen a meaning fasten since early November.

The visitor tweeted a chart suggesting the book of Bitcoin's daily media coverage has increased by five times over the past two weeks.

According to Google Trends, search volume for the keyword "Bitcoin" during November is roughly 15% of its 2022 height, further evidencing a relative lack of retail interest in BTC compared to when the market last rallied into parabolic highs.

Relative search volume for 'Bitcoin' over the by v years: Google Trends

In fact, search volume is only at its quaternary-highest level for 2022, sitting behind spikes in interest that coincided with the March "Blackness Thursday" crash, Bitcoin'southward block reward halving in May, and BTC'southward break above $x,000 in May.