Total crypto market cap rises above $1T — data suggests more upside is in store
To analyze characteristics and performance drivers for this new asset class and compare the crypto ecosystem with traditional financial data in terms of market valuation and liquidity risk, our study focuses on four cryptocurrencies with a large market cap (Bitcoin, Ether, XRP, and Binance coin) and three stablecoins (Tether, USD Coin, and multi-collateral Dai). What is crypto market cap First, imagine Satoshi’s ~700k-1m coins really were just in deep storage, and our dear leader was planning on spending them all on Bitcoin’s 10th birthday – Jan. 03 2019. In that case, Realized Cap would be seriously underweighting the economic weight of Bitcoins in circulation, since it prices those long-lost coins at 2009 values… of $0 per BTC. Realized Cap has a hard time differentiating between truly lost/abandoned coins and coins that are merely in yearslong deep cold storage. However, even the coldest of storage schemes do require periodic awakenings – to renew a multisig scheme, to take advantage of a fork, or to cash out a portion. So many of these accounts will have some amount of churn anyway.
Capitalization of cryptocurrency
Bitcoin, the world's largest and most well-known cryptocurrency, has experienced a tumultuous journey over the past year. The digital asset reached an all-time high of $68,925.0 on... Small businesses remain 'cynical' about the economy: NFIB The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14.
Bitcoin (BTC) Leads The Pack
403. Forbidden. More Popular News While the current commentary on the security status of altcoins is flimsy, the bigger issue is the flight many projects take due to unclear regulations for the crypto industry. Whatever the final results, the decision will not only determine the survival of the US as a hub of crypto or web3 innovation, but it might see a considerable talent and capital flight from the country. Jurisdictions with structured and friendly crypto regulations will see a massive inflow of talent and capital, which the US may not want and be able to afford.
What is bitcoin market cap
Bitcoin hit a $1 trillion market capitalization for the second time early Tuesday as the price of the world's most popular cryptocurrency rallied to a two-week high. Top NFT Marketplaces Of February 2023 As the saying goes, pride goes before the fall. Prior to the crash, many media outlets lauded crypto’s record-breaking market cap. For instance, Cointelegraph ran the headline, “Crypto markets tag $3T combined market cap for first time,” and Fortune gushed about crypto’s good fortune: “Cryptocurrencies hit market cap of $3 trillion for the first time as Bitcoin and Ether reach record highs.”