Crypto Market Wipes Out $1 Trillion Since October: Analyzing The Forces Behin...
Since October 6, the crypto market has lost over $1.1 trillion in value. Analysts from The Bull Theory examined the underlying causes of this behavior and identified significant issues causing such poor performance in what was expected to be a bullish fourth quarter for the industry. Market Liquidity Stumbles Post-October 10 Sell-Off One of the primary factors cited is the severe damage inflicted on market liquidity following the dramatic sell-off on October 10, which resulted in more than $20 billion liquidated from traders in a matter of minutes. This particularly impacted altcoins,....
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Adam Back believes that Bitcoin could boost its market cap by 400% in under two years. Bitcoin (BTC) hitting a $1 trillion market cap by 2025 is “conservative,” and those levels should hit in less than two years.That was according to Blockstream CEO Adam Back, who delivered a fresh bullish BTC price outlook on Monday.Back was responding to a report by Yassine Elmandjra, a crypto-asset analyst at investment advisor Ark, who in September forecast a Bitcoin market cap of $1 trillion to $5 trillion by 2030 at the latest.Ark is well known for its enthusiastic price forecasts for Tesla stock,....
Crypto market inches closer to a $2 trillion market cap with each rally. The total market cap had crashed following its peak back in May when the entire market saw a crash across prices. Since then, the movement of the market cap has wavered between slight recoveries and dips. The total crypto market cap had crashed to as low as $1.2 trillion at some point in June. The market cap has now resumed its upward climb, seeing the price of top coins post tremendous gains in the market. Getting back up to $2 trillion remains a big point for the market in general. The total crypto market cap has....
Crypto market inches closer to a $2 trillion market cap with each rally. The total market cap had crashed following its peak back in May when the entire market saw a crash across prices. Since then, the movement of the market cap has wavered between slight recoveries and dips. The total crypto market cap had crashed to as low as $1.2 trillion at some point in June. The market cap has now resumed its upward climb, seeing the price of top coins post tremendous gains in the market. Getting back up to $2 trillion remains a big point for the market in general. The total crypto market cap has....
Total crypto market cap briefly surpassed that of Saudi Aramco. Amid another bullish trend on cryptocurrency markets, total crypto market capitalization has broken a new historical record just unde $2 trillion.The market cap of all cryptocurrencies surpassed $1.9 trillion on March 31, according to data from major crypto monitoring resources like CoinGecko and CoinMarketCap. The total market cap reached as high as $1.99 trillion earlier on the day, hitting a new all-time record.Total market capitalization since July 2017. Source: CoinMarketCapFollowing a subsequent correction, the total....
On November 8, 2021, the cryptocurrency economy’s market capitalization reached the $3 trillion mark after gathering significant value over the course of 12 years. The overall value of the 10,464 crypto-assets in existence is now larger than Microsoft’s market valuation at $2.52 trillion and Apple’s $2.47 trillion market cap.
Cryptocurrency Economy Is Now More Valuable Than Company’s Like Microsoft, Apple, Google, Saudi Aramco
Statistics indicate that on Monday, November 8, the net worth of the entire crypto-economy is valued at over $3 trillion,....