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Created by the pseudonymous Satoshi Nakamoto on 3 January 2009, bitcoin has gone from a fringe experiment used by cryptographers, to the world’s seventh most valuable asset with a market cap ...
The market capitalization of a cryptocurrency is calculated by multiplying the price by the number of coins in circulation. The total cryptocurrency market cap has historically been dominated by bitcoin accounting for at least 50% of the market cap value where altcoins have increased and decreased in market cap value in relation to bitcoin.
That caused a significant decline in XRP's market capitalization and created chaos on the markets. [2] [3] According to Bloomberg, in November 2019, Coinmarketcap introduced a Liquidity metric designed to combat fake trading volume. [4] In April 2020, Binance, a cryptocurrency exchange, acquired Coinmarketcap for an undisclosed amount.
Since the creation of bitcoin in 2009, the number of new cryptocurrencies has expanded rapidly. [1]The UK's Financial Conduct Authority estimated there were over 20,000 different cryptocurrencies by the start of 2023, although many of these were no longer traded and would never grow to a significant size.
The latest rush of post-election crypto enthusiasm has pushed bitcoin above $100,000. The euphoria has led to even bigger gains among other top coins, pushing crypto's total market value to $3.7 ...
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Their shares grew by over 31% on their first day to $328.28, pushing their market cap to $85.8B. [37] Other cryptocurrencies' prices also sharply rose, then followed by losses of value during this period. In May 2021, the value of Dogecoin, originally created as a joke, increased to 20,000% of value in one year. [38]
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