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. $ %. 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. Dec 19, · Bitcoin has a current market cap of about $ billion, while that of gold's stands at roughly $10 trillion. This week the cryptocurrency gained Author: Shalini Nagarajan.
Current market capitalisation of bitcoinIn , Bitcoin Is No Longer The World's Most Used Cryptocurrency - Decrypt
Since , the stablecoin has been embroiled in a class-action lawsuit that described Tether as a "part-fraud, part-pump-and-dump, and part-money launder" operation, and argued that Tether parent firm iFinex was attempting to defraud investors and manipulate the market. The most recent update on the case was a September motion to dismiss, on the basis that the plaintiffs have yet to provide any factual evidence behind their assertions.
Despite these hiccups, Tether has achieved staggering growth in Not just in terms of trading volume, but also when it comes to market capitalization. Since the start of , the number of tethers in circulation has grown exponentially.
Do you know what else touched 18 today? We love you. On top of this, Tether also saw a dramatic surge in interest following Black Thursday in March , when the vast majority of cryptocurrencies collapsed in value in one of the biggest sell-offs in recent history. As individuals and businesses looked to exit their volatile positions, demand for Tether soared—and has continued to this day, as traders use it to avoid volatility. Like Tether, there are a handful of other USD-backed stablecoins other there, as well as others that are pegged to the value of the US dollar but are instead backed by other assets.
But a competitive challenge lies in the crypto space and in the rise of stablecoins. Shalini Nagarajan. Although the bitcoin rally was largely driven by institutional investors, he expects to see continued buy-in more from retail and Wall Street investors going forward. The researcher expects the US to digitize the dollar, but not too soon as he said "the Fed is happy with the way the world is. Visit Business Insider's homepage for more stories. Read the original article on Business Insider.
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