The current CoinMarketCap ranking is #6, with a market cap of $5,,, USD. It has a circulating supply of 18,, BCH coins and a max. supply of 21,, BCH coins. The top exchanges for trading in Bitcoin Cash are currently Binance, Huobi Global, HBTC, Dsdaq, and Hydax Exchange. Nov 17, · Bitcoin market cap is four percent away from a new ATH: $ bln. COO and cofounder of River Financial, Bitcoin maximalist Andrew Benson, has taken to Twitter to point out that the market capitalization of the world's largest cryptocurrency is about to reach a new all-time high of $ bln. Bitcoin is just about four percent away from it. Aug 21, · Trillion dollar market cap. As you can see in the chart above, Bitcoin could be worth $33, when the total crypto market cap reaches $1 Trillion. In the long-term ( years), we expect crypto market cap to exceed $5 Trillion dollars in the total market cap. Bitcoin’s value adjusted for this market cap will give us $, per bitcoin.
What is the market cap of bitcoin todayWhat Does Market Cap Mean and Why Is it Important?
Bitcoin has seen a lot more volatility in the past few years than gold, given how the market has been in a constant state of adoption and correction. Bitcoin saw its first spike at the end of , marking its first cycle of increases. Since then, it continued at a reasonably steady rate until midway through last year, where it lost and gained value with characteristic volatility.
Like gold traders, Bitcoin and cryptocurrency traders tend to buy and sell according to numerous factors, including the price of fiat assets and the economic movements of the US Dollar. As the US Dollar seems to drop, both Bitcoin and gold rise in value. Whether this will happen and — if it should — whether Bitcoin market cap and value can hold above that of gold will be seen in time.
If Bitcoin does exceed gold in value and market cap, it will likely be at the mass adoption of the use of cryptocurrencies for both trading and daily transactions across the globe. 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.
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