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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.
XRP's market cap currently approaches $174 billion. If it increased by 200 times, the cryptocurrency would be worth $34.8 trillion. That's roughly twice the current market caps of the so-called ...
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 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.
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 ...
In early 2024, US regulators approved the first ever bitcoin spot exchange-traded fund (ETF), opening up the market to hundreds of billions of dollars from previously untapped investors.
After its launch, its price soared by over 300% overnight. [10] Within two days, it became the 19th most valuable form of cryptocurrency in the world, with a total trading value of nearly $13 billion, and a total of $29 billion worth of trades based on a $64 value of each of the 200 million tokens issued by the afternoon of January 19th.
As of this writing in the late evening on Dec. 28, the aggregate value of the entire crypto market has surged from $1.71 trillion to $3.32 trillion on a year-to-date basis.