Rethinking Bitcoin's $10 Billion Market CapAmid increasing hype about blockchains and distributed ledgers, the value of global cryptocurrency markets has risen rapidly so far in 2016.
As of mid-June, the value of all blockchain-based currencies in circulation was $14.37tn, and the price of bitcoin was, as it has been historically, a leading driver of this growth. At June's highs of $700, the price of bitcoin had risen almost $300 since the end of May....
http://www.coindesk.com/rethinking-bitcoin-market-cap/
