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Bitcoin market cap falls below $100 billion for first time since October 2017

Eustance Huang

As of Thursday afternoon in Asia, the market cap of Bitcoin was at $98,194,458,586. Amid a sell-off in the cryptocurrency markets that began Wednesday, Bitcoin's market capitalization fell below the $100 billion mark on Thursday — a level not seen since October 2017. As of 3:26 p.m. HK/SIN (2:26 a.m. ET Thursday), the market cap of Bitcoin stood at $98,194,458,586, according to Coinmarketcap.com.