CoinMarketCap Logo Changed to Celebrate Bitcoin’s $100,000

Key Points:

• Bitcoin surpasses $100,000, prompting CoinMarketCap to celebrate with logo change.
• Bitcoin price has risen over 45% since November 2024.
• CoinGecko, unlike CoinMarketCap, has not updated branding for the Bitcoin milestone.

CoinMarketCap Logo has been changed to celebrate Bitcoin hitting $100K with a “100,000” symbol. BTC up 45% since November 2024.

CoinMarketCap celebrated the history of Bitcoin breaking above a price of $100,000 by changing its brand logo to include the symbolic “100,000” in celebration of the historical moment in Bitcoin’s growth.

CoinMarketCap Logo Celebrates Bitcoin Milestone

Such a symbolic move serves as a huge milestone moment in cryptocurrency history, during which the price of Bitcoin continues to rise more than 45% since early November 2024 to never-before-seen highs on a wave of upbeat market sentiment.

Fast Check
Since 2009, Bitcoin has experienced an incredible increase in value of more than 165,000,000%.

While CoinMarketCap welcomed the moment with a change of logo, its main competitor, CoinGecko, has not taken any parallel action on its platform. As two of the leading cryptocurrency data providers, CoinMarketCap and CoinGecko play important roles in tracking market trends, with their branding decisions often headline news.

Read more: Top Reactions to Bitcoin Reaching $100,000 in December 2024

Market Leaders Shape Crypto Trends

This situation brings to mind Twitter’s logo change on April 3, 2023, where the social media giant changed its logo to Dogecoin, a cryptocurrency initially created as a meme but, over time, gained huge traction.

The switch garnered immense attention, and in the wake of the change, Dogecoin’s price surged by more than 20%, with its market cap increasing by over 20.5%. The thereof provides evidence of how even a change in logo or rebranding can impact the market performance of any cryptocurrency.

CoinMarketCap’s logo update directly reflects Bitcoin’s strong market performance and record-breaking price levels. As CoinMarketCap rushes to try and take advantage of Bitcoin’s momentum, it’s anyone’s guess if CoinGecko will do something proactive to make a similar update to its branding.

It will be interesting to see how CoinGecko follows suit or if it does something different as the cryptocurrency market gains momentum.