17,, BTC * € = €99,,, is the market cap of Bitcoin in Euros. For more Bitcoin rates you can use this Bitcoin calculator. To know the market cap of popular crypto currencies you can use websites like CoinMarketCap where they provide enough data about a coin or a token. In December , the Bitcoin market cap reached an all-time and had grown by over billion U.S. dollars when compared to the summer months. The market capitalization currently sits at more than. Cryptocurrency combined market cap charts, bitcoin dominance charts, and more.
Bitcoin market cap per country37+ Cryptocurrency Statistics [Updated May ]
Major central banks around the world have unveiled huge stimulus packages to cushion the economic fallout from the coronavirus pandemic. They have also signaled their willingness to do more. This has been a factor behind the recent rise in stock markets in past few days, and has filtered through to bitcoin and other cryptocurrencies.
He was referring to the U. The bitcoin world works with so-called "miners" with high-powered computers competing to solve complex math problems to validate bitcoin transactions. Whoever wins that race gets rewarded in bitcoin.
Currently, miners are rewarded The rewards are halved every few years to keep a lid on inflation. By May , the reward per miner will be cut in half again, to 6. This essentially reduces the supply of bitcoin coming onto the market. Halving is an event that happens every four years. This activity, when done irresponsibly, could lead to inflation.
In contrast, Bitcoin, like gold, has a scarce supply. Bitcoin is slightly ahead of gold in terms of scarcity because the dominant cryptocurrency only has a supply of 21 million. With that, Cameron said Bitcoin is better than gold because the former can be transported easily and no external factors such as gold miners suddenly mining more or new gold deposits discovered can influence its price. The Winklevoss twins own Gemini, one of the most regulated cryptocurrency exchanges.
The twins are in favor of further regulation in the cryptocurrency industry, in contrast to the libertarian ideals of early Bitcoin advocates. At the Fintech Festival, Tyler asserted that the cryptocurrency industry can only grow in collaboration with banks.