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. The bitcoinlife24.de Wallet. Bitcoin Cash, Bitcoin and cryptocurrency markets, price data, charts and news. Sep 23, · Keiser Insists 'Bitcoin Inversely Correlated To USD Not Stock Markets' After Crypto Market Tumble Reports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September
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But are investors really aware of these diverging market correlations? In many cases, prominent criticisms of the cryptocurrency space seem to suggest that broad-based demand within the market at large still remains relatively weak. Unfortunately, these criticisms have persisted in spite of the fact that bitcoin valuations have recently reached new record levels and this assessment of market sentiment has the potential to weigh on BTC-USD valuations in cases where this key cryptocurrency pair reached overbought levels.
Obviously, cryptocurrency investors could engage in a lengthy debate about why this may or may not be an accurate description of the broader macroeconomic environment. Additionally, those criticisms seem to indicate that the investors that are actually buying bitcoin and other cryptocurrency assets are part of a unique demographic that is somehow separate and apart from the market majority.
In other words, the recent buying activity that has generated short-term gains for BTC-USD traders might be limited in scope because this enthusiasm might never translate into broad-based adoption that is accepted by a majority of global consumers. However, we have encountered recent examples of major corporate names that are entering into the space and we believe that this activity will help support market valuations in BTC-USD over the next few quarters.
According to analysts at JPMorgan , however, these perceptions might now be on the brink of a major change and evidence of this perceived reversal can be found in the latest round of bitcoin investments initiated by Massachusetts Mutual Life Insurance. Ultimately, this represents a rising rate of bitcoin adoption that could impact public sentiment in ways that are highly bullish for the asset's underlying market valuation. For these reasons, this recent story from Massachusetts Mutual should not be viewed as insignificant because these are the types of the corporate decisions that could open the floodgates for those seeking bitcoin adoption going forward.
In our view, these are also the types of stories that could set cryptocurrency assets on a very firm path toward extended gains in Essentially, recent trends in the U. Dollar Index have shown a massive reversal after hitting spike highs in March and a continued deterioration in this key benchmark for global markets could easily create an additional factor that boosts sentiment with respect to the major cryptocurrencies.
In our view, the recent surge in M2 money supply in the United States is likely to work as the most important fundamental factor influencing valuations in the greenback over the next few quarters. As more money is pumped into the market, we expect the U. Recent comments from Fed Chair Jerome Powell seem to support this dovish outlook and this is likely to remain the case for an extended period of time.
Currently, the monetary policy prospects for historic lows in U. In global currency markets, this means that investors are unlikely to buy the U. Miners were able to seek out bitcoin cash beginning Tuesday August 1st , and the cryptocurrency-focused news website CoinDesk said the first bitcoin cash was mined at about p.
Supporters of the newly formed bitcoin cash believe the currency will "breath new life into" the nearly year-old bitcoin by addressing some of the issues facing bitcoin of late, such as slow transaction speeds. Bitcoin power brokers have been squabbling over the rules that should guide the cryptocurrency's blockchain network. On one side are the so-called core developers.
They are in favor of smaller bitcoin blocks, which they say are less vulnerable to hacking. On the other side are the miners, who want to increase the size of blocks to make the network faster and more scalable.
Until just before the decision, the solution known as Segwit2x, which would double the size of bitcoin blocks to 2 megabytes, seemed to have universal support. Then bitcoin cash came along. The solution is a fork of the bitcoin system. The new software has all the history of the old platform; however, bitcoin cash blocks have a capacity 8 megabytes.
Bitcoin cash came out of left field, according to Charles Morris, a chief investment officer of NextBlock Global, an investment firm with digital assets. To be sure, only a minority of bitcoin miners and bitcoin exchanges have said they will support the new currency. Investors who have their bitcoin on exchanges or wallets that support the new currency will soon see their holdings double, with one unit in bitcoin cash added for every bitcoin.
But that doesn't mean the value of investors' holdings will double. Because bitcoin cash initially drew its value from bitcoin's market cap, it caused bitcoin's value to drop by an amount proportional to its adoption on launch. No one truly knows. Add to watchlist. Availability subject to regulations. Don't get overcharged when you send money abroad.
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