Market Value of all Bitcoins in Circulation Hits $1 Billion
Movements succeed with numbers. Many people must partake to create the change we want to see. Bitcoin has come a long way since its introduction in 2009, and we are currently in mainstream media almost daily. Both the American and Canadian Senates are investigating our beloved virtual currency. However, we still have a long way to go to dispel the myth....
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During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than 12 billion tethers have been removed from circulation amid the Terra blockchain implosion, the recent crypto market carnage, and rumors circulating around Celsius and Three Arrows Capital (3AC). More Than 12 Billion Tethers Leave the Crypto Economy Since April 11 According to market data, the number....
The Winklevoss brothers are incredibly bullish on bitcoin, saying recently that its market cap could reach 100 times higher than it is right now. The twins, who are major investors in bitcoin after becoming wealthy from an early partnership with Facebook founder Mark Zuckerberg, told CNBC at the Dealbook conference in New York that a $400bn market cap for BTC would be a "small bull case scenario". Bitcoin's market cap is calculated by taking the current price and multiplying it by the number of bitcoins outstanding. With 11,942,775 bitcoins in circulation, according to Blockchain.info, and....
Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value.
Number of Wrapped or Synthetic Bitcoins Held on Ethereum Declines
In the last few years the use of wrapped, bonded or synthetic bitcoins has increased a great deal and earlier this year there were close to half a million synthetic bitcoins held....
The stablecoin giant tether is by far the largest dollar-pegged crypto asset in the crypto economy and today, the number of tethers in circulation is nearing $70 billion. 90 days ago on June 12, 2021, the number of tethers in circulation was around 63 billion tokens and the supply has swelled by 9.99% since then.
Circulating Tether Economy Nears $70 Billion, 1 Billion Tethers Minted on Solana
The largest stablecoin today, in terms of market valuation is tether (USDT) and on Friday, September 10, USDT’s market capitalization is $69.3 billion, according to the....
The bull case for Bitcoin is often expressed as an estimate of the future value of all Bitcoins in circulation once it reaches its potential. The most widely known estimate of its intrinsic value is $400 billion made November 2013 by the Winklevoss twins Cameron and Tyler at the “New York Times” Dealbook Conference. At that valuation Bitcoin would be worth 70 times its current value of $5.7 billion. That’s based on an April 8, 2014 price of $453 per coin for the 12,620,475 Bitcoins in circulation. Clearly, there’s a long way to go to reach $400 billion. So, how did the Winklevoss twins....