Bitcoin Market Cap Surpassed $1 Billion 8 Years Ago

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Bitcoin’s market cap surpassed $1 billion for the first time exactly eight years ago on March 28.
The top cryptocurrency was trading at just $92 on the now-defunct Mt. Gox exchange before soaring over 190 percent to hit $259 on Apr. 10, 2013.
The cryptocurrency’s surge was caused by the Cyprus banking crisis that made more people cognizant of the importance of having control over their money.
CNN, CNBC, Bloomberg, ABC News, and other mainstream outlets were reporting about how the decentralized cryptocurrency was thriving in this chaos. This was viewed as one of the coin’s first breakthrough moments.       
Around that time, celebrities in the likes of Ashton Kutcher started talking up Bitcoin, making it part of the popular culture. Back then, however, Bitcoin’s future was shrouded in uncertainly. Just weeks after the cryptocurrency reached the $1 billion milestone, it suddenly plunged 25 percent due to a software glitch. There were also concerns about pervasive hacking attempts and regulatory issues. Source link