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 17, · The market cap is as of December 17, Institutional investors push Bitcoin's market cap to new highs. JP Morgan's $ billion market cap is . Mar 06, · Bitcoin currently dominates nearly 70% of the overall market capitalization of the cryptocurrency market. If we consider that Bitcoin maintains this dominance, we would have a Author: Sylvain Saurel.
What is bitcoin market capitalization• Bitcoin market cap | Statista
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. 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. Anyway, if you are thinking about investing in Bitcoin check this guide out. And number two on the list is Ethereum or more correctly, its cryptocurrency Ether. Ethereum was holding fairly strong since the fall of the crypto market, though not as solid as Bitcoin.
In my personal opinion, Ethereum will have to step up with its 2. If cryptocurrencies will be widely accepted, there is a need for several stable coins.
Not sure but it seems highly likely. Yet, stable coins are offering a more stable cryptocurrency, unlike the high volatility of top digital assets such as Bitcoin, Ethereum, etc. The use of stable coins can be more significant in the future as it can be a bridge between the blockchain world and the non-blockchain world.
Vitalik agrees with me. Ripple has made a huge success by integrating its technology to banks and large financial institutions around the world so does Ethereum. Yet, there are questions revolving around the Ripple coin and the technology behind it. Is Ripple decentralized? Is it a true blockchain? On the other hand, there are people who believe that Ripple has huge potential. Last on the list is Bitcoin Cash. Here, my opinions will shine through. The real question is if Bitcoin Cash can actually replace bitcoin as the most dominant cryptocurrency in the market?
Moreover, will Bitcoin Cash survive in the tough environment of cryptocurrencies? Do you agree with me? Do you believe any of these cryptos will fall or rise in value? And what about the overall market cap?
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