70.5 F
Dallas
Thursday, December 8, 2022
** Preferred Partner - click for more info **Red Flag Reputation

Bitcoin’s Realized Market Cap Hits $378B, Total Market Cap at $880B

According to the metrics site GlassnodeBitcoin’s (CRYPTO: BTC) ‘realized’ market capitalization today reached an all-time high of $378 billion.

  • Today Bitcoin’s price reached $48,000 before falling sharply to $46,700.
  • CoinGecko reports that Bitcoin’s total market cap at $880 billion.
  • The measurement of market capitalization is a multiplication of all circulated coins by the current coin price.
  • The realized cap is a method of assessing Bitcoin’s market cap based on the price at which each coin last moved. 
  • Through realized cap’s value, people can measure whether Bitcoin is overvalued or not. 
  • Bitcoin has increased by 9.5% this week and 42.5% this month. 

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.

Source

Related Articles

Latest Articles