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The latest rush of post-election crypto enthusiasm has pushed bitcoin above $100,000. ... Market cap: $18.22 billion. 7-day gain: 22.21%. Read the original article on Business Insider.
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.
The incredible gains have pushed XRP's market capitalization up above $139 billion, and the token now ranks as the world's fourth largest crypto by market cap -- trailing only Bitcoin, Ethereum ...
Make no mistake about it, Bitcoin has been the story of the year in the crypto market. In fact, 12 of the top 20 cryptocurrencies, as ranked by market cap, are either keeping pace with Bitcoin or ...
On 14 April, Coinbase, a much hyped crypto exchange, went public on the NASDAQ. 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.
Understanding what you own, whether stocks or Bitcoin, is the first step to maximizing your investment returns. Bitcoin is an anti- inflationary digital asset, similar to gold, but in digital form.
Market cap is given by the formula =, where MC is the market capitalization, N is the number of common shares outstanding, and P is the market price per common share. [ 8 ] For example, if a company has 4 million common shares outstanding and the closing price per share is $20, its market capitalization is then $80 million.
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