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. Although other cryptocurrencies have come before, Bitcoin is the first decentralized cryptocurrency - Its reputation has spawned copies and evolution in the space. With the largest variety of markets and the biggest value - having reached a peak of billion USD - Bitcoin is here to stay. BTC dominance has been breaking all resistance even when BTC broke ATH altcoins are still struggling. traditional investors joined the Crypto Market and since then they are controlling the Bitcoin price which resulted in huge depreciation to ALTs Price and Market Cap. some good project did have some nice runs but 80% ALTs are still underwater.
Current bitcoin market capitalisation24crypto.de Markets | Price, Charts, News
In case if big players are fixing positions on BTC, the nearest support level is at the price values of I believe we'll begin to see a significant pullback here now, which will result in the strengthening of the altcoins in Q1 Inversely i've linked a chart to Altcoin dominance below which has just seen a third touch on a long term monthly trend line which gives me added confluence for Anyone that bought the dip on Alts, very ballsy!
Hat's off to you if it work out. Finger Crossed. D Index Chart. Videos only. Top authors: BTC. Bitcoin Dominance. All I want for Christmas is Bitcoin! Altcoins season!!!!!!! Bitcoin Dominance - Alts - Existential Threat. Alt season? Altcoin run incoming or fake out? BTC dominance recent overview. Slowly and steady ALT Season is coming When the Tether stablecoin first launched in July , it was almost immediately met with criticism—most of which focused on whether all the Tether in circulation were truly backed by US dollars held in a bank account, i.
Whether it's solvent or not remains up for debate, but Tether has managed to maintain its dollar-peg in all but the most extreme circumstances and remains one of the least volatile USD stablecoins. Since , the stablecoin has been embroiled in a class-action lawsuit that described Tether as a "part-fraud, part-pump-and-dump, and part-money launder" operation, and argued that Tether parent firm iFinex was attempting to defraud investors and manipulate the market.
The most recent update on the case was a September motion to dismiss, on the basis that the plaintiffs have yet to provide any factual evidence behind their assertions. Despite these hiccups, Tether has achieved staggering growth in Not just in terms of trading volume, but also when it comes to market capitalization.
Since the start of , the number of tethers in circulation has grown exponentially. Do you know what else touched 18 today? We love you. On top of this, Tether also saw a dramatic surge in interest following Black Thursday in March , when the vast majority of cryptocurrencies collapsed in value in one of the biggest sell-offs in recent history.
As individuals and businesses looked to exit their volatile positions, demand for Tether soared—and has continued to this day, as traders use it to avoid volatility. Like Tether, there are a handful of other USD-backed stablecoins other there, as well as others that are pegged to the value of the US dollar but are instead backed by other assets. Though none of these have achieved the same absolute levels of success as Tether, many have surpassed it in other key areas.
Tether, on the other hand, is just the third most used stablecoin in DeFi, as measured by the total value locked in DeFi applications. Still, if Tether is facing challengers, it's validation of the broader concept of stablecoins.