Bitcoin’s Market Cap is Not What You Think it is
When traders and enthusiasts talk about Bitcoin, the discussion will always turn to the market cap of this cryptocurrency — currently around $8 billion. But at the same time, there seems to be a lot of misconceptions about what this number means. The Truth Behind Bitcoin’s Market Cap. Bitcoin is not like traditional money, nor can its real value be....
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The debate about bitcoin’s scalability should be viewed as a positive indicator, not a negative one. Instead, it has delivered a barrage of negative media that might have affected bitcoin’s price. The reverberations around bitcoin developer Mike Hearn’s departure from bitcoin continue, but bitcoin’s price has begun to recover while the global stock market is tanking. The recent price activity is only one reason Martin Tillier, a financial advisor writing in Nasdaq whom we’ve sourced before, has concluded: “Reports of Bitcoin’s Death Are Greatly Exaggerated.” Tillier thinks the discussion....
Bitcoin has reached its highest-ever market capitalization, the measure of the total supply’s value relative to USD, per publicly-available market data. The post Bitcoin’s Market Cap Hits All-Time High appeared first on Bitcoin Magazine.
Crypto market liquidations have not slowed down since bitcoin’s crash had dragged the rest of the market down with it. Now that the digital asset has crashed below $23,000, the liquidations have quickly ramped up. By Monday, liquidations had quickly crossed $500 million. Before the end of the day, the number had barreled above $1 […]
The feature, added to alleviate fee pressure during Bitcoin’s bull market, could be live within a month's time.