Bitcoin Market Cap Tops $50 Billion

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Bitcoin has just reached a new all-time high as the market capitalization of the entire digital currency space hit $100 billion. The decentralized currency’s market cap is higher than most fiat currencies and many publicly-traded companies.

Bitcoin Market Cap Tops $50 Billion: A blog breaking down the bitcoin market cap and what it means.

At the time of writing, there are approximately 16,750,000 bitcoins in circulation right now, with each unit being worth $5,955 per BTC at press time. Right now there are plenty of people who are taking about a “flippening” which will occur if Bitcoin’s value surpasses that of gold. Currently, gold is hovering around the $1,250 USD per ounce range, and Bitcoin is valued higher than an ounce of gold as well.

The cryptocurrency markets have seen tremendous growth over the past few months as Bitcoin’s price has increased by hundreds of dollars throughout 2017. At the beginning of January 2017, one BTC was worth approximately $998 USD and today on August 21st one BTC is worth almost six times as much at $5,955 per coin. As for Bitcoin Cash (BCH), which was created from a hard fork on August 1st, it currently has a market capital

In a matter of just a few months, the total cryptocurrency market cap has gone from $18 billion to nearly $110 billion. The charts show just how rapidly this market has grown.

What’s more, the total cryptocurrency market cap is now above the total market cap of companies such as Boeing, Visa and Bank of America.

Although this is certainly an impressive feat, it’s also important to understand why the cryptocurrency market cap has reached these levels. This article will look at what this means for bitcoin and the overall cryptocurrency space.

Bitcoin Market Cap Tops $50 Billion: A blog breaking down the bitcoin market cap and what it means.

The total cryptocurrency market cap just broke US$50 billion for the first time over the weekend. This milestone was reached on Saturday, and was pushed higher by continued gains in bitcoin.

But what is the cryptocurrency market cap? Further, what is the significance of this new benchmark?

What Is Market Cap?

Market cap, or capitalization, is how much a company or asset is worth. It is calculated by multiplying a company’s shares outstanding by its stock price. Stock prices are not set in stone; they fluctuate constantly as buyers and sellers trade shares back and forth. Meanwhile, the number of shares outstanding remains relatively fixed until additional shares are issued by the company (as when employees are granted stock options). Sometimes companies buy back their own shares to reduce the number of shares outstanding (and thus increase per-share price).

Cryptocurrencies do not issue new coins based on company performance and earnings as with traditional stocks. And many cryptocurrencies have a fixed supply that cannot be increased once all coins are mined. However, you can still apply the same math to determine total market cap: multiply circulating supply by current price.

Bitcoin Market Cap Tops $50 Billion

At nearly US$51 billion at the time of writing (according to CoinMarketCap), bitcoin’s

The total crypto market cap has topped $50 billion as bitcoin crosses $3,000 for the first time. The market cap of all cryptocurrencies reached a record high of $51 billion today, as reported by CoinMarketCap. The total value of all bitcoins in circulation is now $48 billion, while the total value of other digital currencies is $3 billion.

The price of Bitcoin has surged over the past few days, breaking through key resistance levels at $2,600 and then $2,800 before finally crossing above $3,000. The cryptocurrency had a 7-day gain of 16 percent as it crossed the psychological barrier of a three thousand dollar price point.

Total Market Cap Tops $50 Billion

As Bitcoin surged to new heights, the total crypto market cap also broke key levels. The market cap first passed through the resistance level at $40 billion on June 23rd. It then broke past the previous all-time high of $45 billion on June 25th and surged past $50 billion this morning at 10AM UTC.

Right now, Bitcoin makes up 96 percent of the total market cap for all cryptocurrencies with an overwhelming dominance in the space. All other coins are lumped into 4 percent market share, leaving little room for innovation or competition among

The bitcoin market cap grew from $27 billion to $50 billion today, as the price crossed $2,500 for the first time. This makes bitcoin the first cryptocurrency ever to have a market cap above $50 billion.

The significance of this event is that it marks a watershed moment in the history of bitcoin. Bitcoin has now been accepted as digital gold by the mainstream, whose credibility and buying power should help propel bitcoin to new heights in coming months and years.

Bitcoin’s recent surge in value has been attributed to many factors, including Japan’s recent legalization of bitcoin as a form of payment, China trading on its own exchanges, and increased interest from institutional investors such as Yale University’s endowment fund.

At this rate, it would make sense for bitcoin to surpass the $100 billion mark sometime before 2018

Bitcoin is the most famous cryptocurrency in the world, if not the most famous anything in the world right now. The price of one bitcoin has surged by more than 2,300% since the beginning of 2017. But as bitcoin’s total value has climbed to new heights, so too has its market capitalization—the total value of all bitcoins in circulation.

In fact, bitcoin’s market cap, which currently stands at $50 billion (give or take a few hundred million), recently surpassed that of the Dow Jones Industrial Index, which is now at about $40 billion. (The Dow is comprised of 30 large public companies, including General Electric and Goldman Sachs.).

The total market cap of all cryptocurrencies is now more than $50 billion combined. That’s quite a milestone, as the total market cap was worth $18 billion just two months ago.

The most valuable cryptocurrency in terms of market capitalization is bitcoin. At press time, the world’s first and foremost cryptocurrency is trading for $2,857 per coin, giving it a total market cap of about $47 billion.

Ethereum, the second largest cryptocurrency by market cap, is trading for $211 per token and has a market cap of $18.5 billion. There have been some concerns over Ethereum’s future considering the DAO debacle and project protocol changes happening in recent months, but it seems these fears have yet to impact its price significantly.

Ripple, the third largest cryptocurrency by total value, is trading for around 47 cents per XRP token and has a market cap of about $16 billion at press time. This makes Ripple’s market value more than double that of its closest competitor litecoin, which has a current price of around $41 per token with a total market cap hovering around $2 billion.

Bitcoin cash comes in at number four by total value with a price of roughly $370 per BCH token and a market cap hovering around

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