Nov 18, · Bitcoin exploded above $18, on Wednesday, taking its market capitalization to an all-time high.. The price of the digital token surged % to . USD/BTC: 4, sats • Currency Ranking: 27 • Country Ranking: 35 • Fiat Market Cap: 5,,, BTC • BTC Dominance: % Top Fiat Currencies by Market Capitalization Major fiat currency market cap in BTC. Information. The market value of all Bitcoin Cash (BCH) in circulation. Market Capitalization = (Price of BTC) x (Total units of Bitcoin Cash (BCH) in circulation)Similar to the way the Market Capitalization of a company reflects the perceived worth of its business, the Market Capitalization of Bitcoin Cash (BCH) reflects the perceived worth of Bitcoin Cash (BCH) as a value network.
Btc total market capitalizationBitcoin Price, Live BTC Price Chart & Market Cap | CoinCodex
The best exchange for trading Bitcoin is Binance. Invented in and launched in early , Bitcoin introduced the world to the concept of cryptocurrency. Bitcoin is a peer-to-peer system that allows users to transfer value between each other without requiring a trusted third party to act as an intermediary.
The design of the Bitcoin protocol prevents double spending and the arbitrary creation of new coins. Bitcoin transactions are recorded in a fully transparent public ledger called the blockchain. In order to ensure the security of the network, Bitcoin uses a proof-of-work algorithm. Miners deploy their computers to solve resource-intensive mathematical problems — the miner that reaches the correct solution first has the privilege of adding the next block to the Bitcoin blockchain and receives a reward in the form of BTC for their trouble.
However, the reward received by miners is cut in half approximately every 4 years in what are known as Bitcoin halvings. The maximum supply of Bitcoin is capped at 21 million coins. The last Bitcoin will be mined around the year , according to estimates. Each BTC can be subdivided in million units called satoshis. This means that you don't have to buy a whole BTC in order to invest in Bitcoin.
One satoshi is the smallest denomination of Bitcoin that can exist. The Bitcoin network is permissionless, which means that anyone can become a miner and participate in its consensus process.
Bitcoin started off as a niche interest for cryptography and technology enthusiasts and eventually exploded in popularity, with the BTC price growing to thousands of dollars. On CoinCodex, you can stay up to date with the latest information regarding the Bitcoin price, market cap and news. Date Range. December January Add to Portfolio. BTC Exchanges. Unfortunately, it comes at the cost of devaluing Americans' currency, which investors tend not to like. Normally when the dollar devalues, investors seek the safety of gold, which is a finite resource and a perceived store of value.
However, since bitcoin has protocol built in that allows for only 21 million coins to be mined, it, too, is perceived as a finite resource and has been a safe-haven source for investors. It's also hard to deny that momentum has played a role. This writer has seen a marked increase in advertisements for investments in bitcoin online, and the allure of the pace at which bitcoin's value is rising has likely drawn in new money.
Investors should also understand that bitcoin isn't a traditional "investment" like we see in the stock market. It can be bought and sold, but only a few exchanges allow users to "short-sell" bitcoin and bet it goes down. This could be influencing its rising price as well. This gives you some idea of just how far this cryptocurrency has come in such a short amount of time. Let's take a look.
News outlets have been particularly diligent in pointing out how bitcoin's value is leaving gold in the dust. But, it's gold that could still mop the floor with bitcoin if we compare the two based on market cap.
According to a report from Thompson Reuters GFMS, it was believed that , tons of gold had either been mined or was still in the ground. Since there are 32, ounces per ton, we're talking about 5. That's more than times the market cap of bitcoin at its all-time high! It's also worth pointing out that numerous reports exist on the world's total gold supply, and some suggest as much as 2.
Long story short, bitcoin still has a very long way to go to truly catch gold. According to data compiled by SiblisResearch. In fact, the largest U. Through Friday, Aug. Admittedly, nearly all of this cash is being held in overseas markets, because Apple doesn't want to be taxed for the repatriation of this cash.
Would Apple do such a thing? Not a chance. It's focused on returning cash to its shareholders and reinvesting in new technologies. Lastly, let's take a look at how bitcoin stacks up next to the currency it'd ultimately like to make go extinct -- the U.
According to figures from the St. The monetary base has increased more than fourfold from the Great Recession, and it's currently about 55 times larger than that of bitcoin, even after bitcoin's enormous run. Despite its recent strength, this writer continues to believe that avoiding bitcoin is a smart move. Without true fundamentals to analyze, deriving a fair valuation on bitcoin is difficult to ascertain.
We've witnessed numerous assets increase in value like this before throughout history, and practically every one wound up having its bubble burst eventually. My suspicion is bitcoin will be no different, and uninformed investors are going to be taken to the digital woodshed if they aren't careful.
What's more, the lone bitcoin investment option in the stock market is grossly overvalued.