Nov 17, · Bitcoin has just hit a market capitalization of $ billion for the first time ever. The last all-time high was $ billion back in December when Bitcoin was close to $20, The increase in market cap is mostly due to the growth of the circulating supply of Bitcoin. Nov 17, · Bitcoin is inching closer to an all-time high in market capitalization around $17, Bitcoin price is a mere % short of its record highs near $20, However, the realized market capitalization of BTC has already broken its previous highs, signaling on-chain bullish strength. New Money Pours into Bitcoin. 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.
Market cap of all bitcoinsPrice of Bitcoin at crypto market cap of $1 Trillion to $10 Trillion | Cryptotapas
The figure, for reference, is equivalent to Iceland's gross domestic product. They are usually pegged on a basis with a certain fiat currency or can be algorithmic products like DAI. In Tether's case, each token is backed with its "reserves. It is issued over various blockchains, such as Bitcoin , Ethereum, Tron, and OMG Network, and finds a use case across trading, investing, money laundering , and as collateral for yields on decentralized finance DeFi apps.
Much of that growth has come from this year as well. But such activity has drawn criticism and skepticism among crypto circles and regulators alike. The unending issuances had previously even led to academic research that attributed the entire Bitcoin rally of as a result of excessive USDT being pumped into the crypto market.
From a technical standpoint, it seems that Bitcoin is unstoppable right now and facing very little opposition to the upside. On the 4-hour chart, bulls created an ascending wedge that was broken several hours ago. Do you think Bitcoin bulls have what it takes to push the digital asset above its all-time high?
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This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available. Sign in. Log into your account. Forgot your password?