Market capitalization (often shortened to market cap) is the approximate total value of a cryptocurrency, typically shown in US dollars. The market cap of a cryptocurrency is calculated by multiplying the number of coins or tokens in existence by its current price. About Bitcoin. Bitcoin price today is $23, USD with a hour trading volume of $45,,, USD. Bitcoin is up % in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $,,, USD. Nov 26, · LONDON — Bitcoin has plunged by close to $3, in less than 24 hours after hitting highs not seen since the end of The price of bitcoin was trading at .
Bitcoin market closedexchanges - Bitcoin market hours (open/close prices) - Bitcoin Stack Exchange
Traditional markets are not open for trade all day, so the opening and closing price refer to the first and last price of the day. They are used as measurements for the trading activity of a day. Since closing of the previous day is essentially the same as opening of this day, some pages such as e.
CoinDesk only show the closing values for the historical data. I only know about one exchange for sure but I'm pretty confident this is a widespread concept and applies to many other exchanges, too. These charts exist in traditional markets, too. There, a candle stick typically represents 1 day. That day has among others an opening and a closing price. Note that the closing price December 29th doesn't have to be the opening price of December 30th and the opening price of December 29th wasn't necessarily the closing price of December 28th, in such markets.
In fact, it's fairly unlikely that these prices are the same. Its candlesticks are different. First of all, they have different sizes depending on the length of the period of time the diagram shows. In the 48 h chart, they only are 15 minutes wide. In the 1 Y chart, they are as wide as in old markets: 1 day. In the 5 Y chart, they are a week wide.
Furthermore, the closing price of one candlestick is always the same as the opening price of the next one. This is because they simply slice time up on the clock , , , etc.
On one side are the so-called core developers. They are in favor of smaller bitcoin blocks, which they say are less vulnerable to hacking. On the other side are the miners, who want to increase the size of blocks to make the network faster and more scalable. Until just before the decision, the solution known as Segwit2x, which would double the size of bitcoin blocks to 2 megabytes, seemed to have universal support.
Then bitcoin cash came along. The solution is a fork of the bitcoin system. The new software has all the history of the old platform; however, bitcoin cash blocks have a capacity 8 megabytes. Bitcoin cash came out of left field, according to Charles Morris, a chief investment officer of NextBlock Global, an investment firm with digital assets.
To be sure, only a minority of bitcoin miners and bitcoin exchanges have said they will support the new currency. Investors who have their bitcoin on exchanges or wallets that support the new currency will soon see their holdings double, with one unit in bitcoin cash added for every bitcoin.
But that doesn't mean the value of investors' holdings will double. Because bitcoin cash initially drew its value from bitcoin's market cap, it caused bitcoin's value to drop by an amount proportional to its adoption on launch.
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