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Cryptocurrency has boomed in popularity over the past few years, to the point that the alternative investment class has essentially gone mainstream. While Bitcoin was the first and still remains ...
Development in the ongoing saga of Bitcoin and its many competitors and copycats in the $2.22 trillion global cryptocurrency market seems to never stop. Even so, just a tiny fraction of Americans...
If Bitcoin's price does reach $1.5 million in 2030, it implies the digital asset's market cap will get to a whopping $29.5 trillion. That gain would undoubtedly outperform the broader stock market ...
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.
According to Chainalysis, Europe's growth was largely driven by so-called "whales [23]", large institutional investors shifting enormous sums of cryptocurrency. [24] [a] According to Chainalysis, Europe has the world's largest crypto economy, collecting $1 trillion in the previous year, or 25% of all crypto activity worldwide.
The firm's "demand analysis" took into account three key factors: (1) market cap and overall trading volume, (2) assets under management of investment products already in the marketplace, and (3 ...
The Australian market has also seen the rise of local cryptocurrencies and blockchain projects. [6] Australia boasts the highest rate of cryptocurrency adoption (23%) among developed nations, ranking eighth worldwide. This rate surpasses the estimated adoption rates in the United States (16%) and the United Kingdom (12%), as reported by ...