According to the metrics site Glassnode, Bitcoin's (BITCOMP) 'realized' market capitalization reached an all-time high of $378 billion today. Bitcoin's price reached $48,000 before falling sharply to $46,700. It has been recently trading at around $46,857.43.

CoinGecko reports that Bitcoin's total market cap has reached $880 billion. The measurement of market capitalization is a multiplication of all circulated coins by the current coin price. The realized cap is a method of assessing Bitcoin's market cap based on the price at which each coin last moved. 

Through the realized cap's value, people can measure whether Bitcoin is overvalued or not. Bitcoin has increased by 9.5% this week and 42.5% this month.