Get the latest cryptocurrency market overview & analysis including price, market cap, trading volume, and more. 🔥 Out Now 🔥 Our November Monthly Crypto Report is fresh off the press! Read it first - Bitcoin price ATH, yearly high for the crypto market, and much more! 🔎. Bitcoin has seen a strong rally over the past few months on institutional interest in the cryptocurrency. The coin currently trades just shy of all-time highs at $19, BTC is expected to move even higher as adoption continues to swell. rows · Coin Price Marketcap Volume (24h) Supply Change (24H) Price Graph (7D) 1.
Bitcoin coin coin market capPaul Tudor Jones Says Bitcoin's Market Cap Is Undervalued
Among the top ten cryptocurrencies, Chainlink LINK has lost the most in percentage terms and is down 7. Other top losers of the altcoin space include ETH losing 3. On the other hand, Bitcoin bulls continue to gain market dominance. In the last 24 hours, Bitcoin BTC is up 2. The recent developments around rising institutional participation in Bitcoin are favoring the cryptocurrency. The latest report from Grayscale also suggests that Bitcoin remains the top choice for investors.
Bitcoin dominance inching north has got the analysts thinking about possible scenarios ahead. While there are certain changes that Bitcoin capital will flow back in altcoins. In such a case, the capital flowing back to altcoins will be altogether more difficult.
It seems as if Bitcoin has been smartly consolidating its position in the market. On the other hand, the regulatory cleanup for crypto exchanges continues in the market. Bitcoin players see it as a positive for the cryptocurrency as it removes the bad actors that could possibly manipulate the markets.
Some market analysts think that the regulatory move can also fuel the chances of Bitcoin ETF in near future. With all of the regulatory scrutiny attached to the digital assets space over the past few weeks, I find it important to look at a bigger picture of where this market is headed. All Rights Reserved. Search for:. Price Analysis.
Hileman expects to see continued buy-in from retail and Wall Street investors going forward, rather than corporates. That's because it is harder for bigger players to participate than professional investors who already have accounts and easy access to major exchanges, he explained.
As for the US dollar, the researcher expects the world's most popular reserve currency to be digitized sometime in the next five years. The status quo is working well for the dollar because it is dominant through the SWIFT mechanism and the corresponding banking system, he said. The US government can also raise debt at attractive interest rates, supporting the dollar's status. But a competitive challenge lies in the crypto space and in the rise of stablecoins.
Shalini Nagarajan. Although the bitcoin rally was largely driven by institutional investors, he expects to see continued buy-in more from retail and Wall Street investors going forward. The researcher expects the US to digitize the dollar, but not too soon as he said "the Fed is happy with the way the world is.
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