Btc market cap

After more than a decade, BTC is still at the top of the dynamic crypto market. With a market cap that topped $1 trillion in 2021, Bitcoin continues to be the largest cryptocurrency, even after losing its undeniable dominance. If you’re interested in the current Bitcoin price, check out its price chart above. Bitcoin cap © 2023 FiatMarketCap

The impetus appears to be a spat of major announcements from companies, providing a much-needed morale boost to the space, and The Simpsons episode, which may be reminding people of the speculative nature of NFTs (a fun and sometimes easy way to make money). In addition, Bitcoin is running, possibly leading people to take some profits from coins and put them into NFTs. Bitcoin Upcoming Events Bitcoin gets all the headlines when people talk about cryptocurrencies, but there are literally thousands of other options when it comes to these digital currencies. In fact, cryptos that aren’t Bitcoin are usually considered an “also ran” – what are called “altcoins,” or alternatives to Bitcoin.

The third largest coin at the time of writing is quite different from Ether and BTC because it is a centralized cryptocurrency. Tether is the largest stablecoin that attempts to tie its price to the US Dollar. Tether is commonly abbreviated USD₮ or USDT. This stablecoin is owned by iFinex, which owns the Bitfinex exchange. Bitcoin’s Hard Cap Bitcoin proponents argue the cryptocurrency is “digital gold” that can hedge against the risk of inflation sparked by massive central bank and government stimulus packages designed to counter COVID-19.

For example, on October 19, 2021, Bitcoin reached an all-time high in price at around $64,000. On that date, its market cap was $1.1 trillion and its diluted market cap was $1.35 trillion, which is a difference of $244 billion. This potentially signified that its value was overinflated. Other statistics that may interest you Bitcoin (BTC) BNB(BNB)