1 day ago · Should bitcoin ever reach a $1 trillion market cap, one unit would have to be trading at roughly $54,, meaning the price would require an additional surge of roughly percent. Tags: bitcoin. Nov 09, · In February of that year, BTC dominance stood at % (ETH had a % share of the cryptocurrency market cap, while Ripple's XRP was on %.) But in the course of four short months, Bitcoin's market share plunged dramatically as a spate of initial coin offerings (ICOs) boosted the industry's market capitalization substantially. Magic Cube Coin is up % in the last 24 hours. The current CoinMarketCap ranking is #, with a market cap of $9, USD. It has a circulating supply of ,, MCC coins and the max. supply is not available. The top exchanges for trading in Magic Cube Coin are currently BitMart, and Coinsuper.
Magic bitcoin coin market capCan Bitcoin Market Cap Hit Higher Than Gold? | Coin Insider
Tudor Jones also said in a recent interview that investing in Bitcoin is like investing in Google or Apple early on into their lifespans. He further likened the current Bitcoin space to the technology space in the s and early s. Could you be next big winner? I consent to my submitted data being collected and stored. BTC continues to be accumulated by Grayscale, a leading digital asset fund manager.
The drop has made some suggest that a strong move lower is on its way. But on a near-term The number of BTC on exchanges has decreased strongly in recent months, despite the rally.
As many as million people own crypto assets today, according to Hileman. He noticed a lot of the recent price action was driven by institutional investors, based on transactions that occur on the chain, and is unlike the retail investor frenzy of 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. Shalini Nagarajan.