rows · 2 days ago · View the full list of all active cryptocurrencies. Rank Name Symbol Market . rows · The global crypto market cap is $B, a % decrease over the last day. Dec 19, · Bitcoin has a current market cap of about $ billion, while that of gold's stands at roughly $10 trillion. This week the cryptocurrency gained 12% over two days alone, and was trading Author: Shalini Nagarajan.
Bitcoin usd coin market capCan Bitcoin Market Cap Hit Higher Than Gold? | Coin Insider
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.
Visit Business Insider's homepage for more stories. Read the original article on Business Insider. Indices in This Article. Dow Jones 30, Currency Exchange Rates. Since then, it continued at a reasonably steady rate until midway through last year, where it lost and gained value with characteristic volatility. Like gold traders, Bitcoin and cryptocurrency traders tend to buy and sell according to numerous factors, including the price of fiat assets and the economic movements of the US Dollar.
As the US Dollar seems to drop, both Bitcoin and gold rise in value. Whether this will happen and — if it should — whether Bitcoin market cap and value can hold above that of gold will be seen in time. If Bitcoin does exceed gold in value and market cap, it will likely be at the mass adoption of the use of cryptocurrencies for both trading and daily transactions across the globe. CoinInsider is the authority on bitcoin, ethereum, ICO and blockchain news; providing breaking newsletters, incisive opinions, market analysis, and regulatory updates.
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