Market capitalization (often shortened to market cap) is the approximate total value of a cryptocurrency, typically shown in US dollars. Bitcoin’s Inception: A Page Book Compiles All of Satoshi’s Writings in Chronological Order. 1 day ago. 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. 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 .
Cap market bitcoinBitcoin Now Has a Greater Market Cap Than Mastercard - Decrypt
This is because a coin's market cap is calculated by multiplying the number of coins and its price. Since Bitcoin's inflation rate produces around , Bitcoin per year half that since the halving , its market cap will continue to rise even if the price is steady. Bitcoin's share of the cryptocurrency market had been declining in recent months. But Bitcoin's growing market cap has helped to revive its share of the market. Looking at the other coins in the top 10, they are split between those who hit big in and are struggling to return to former highs and those who have broken new ground in and have been seeing new all-time highs.
Both Ethereum and XRP are still a long way off from their market cap all-time highs. On-chain demand and other metrics suggest that the rally was driven more by institutional hedge funds, family offices, and money managers. 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. Show detailed source information?
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