Live Bitcoin Price (USD), Market Cap and Supply Details With Last Hour Movements. Currently, Bitcoin (BTC) is trading at $ with BTC price % up today. The market cap of Bitcoin is USD ,,, with 18,, btc circulating currently. The hour price movement chart indicates that $36,,, worth of BTC were trading. The price peaked to $ in . Dec 19, · Bitcoin has a current market cap of about $ billion, while that of gold's stands at roughly $10 trillion. This week the cryptocurrency gained 12% over two days alone, and was trading Author: Shalini Nagarajan. USD Coin is up % in the last 24 hours. The current CoinMarketCap ranking is #12, with a market cap of $3,,, USD. It has a circulating supply of 3,,, USDC coins and the max. supply is not available. The top exchanges for trading in USD Coin are currently Binance, Huobi Global, OKEx, BiKi, and Sistemkoin.
Bitcoin usd coin market capCan Bitcoin Market Cap Hit Higher Than Gold? | Coin Insider
Major institutional players like Stanley Druckenmiller, BlackRock, Bill Miller, and Jack Dorsey have acknowledged that bitcoin is not only going away, but is becoming a reserve asset and validating the digital gold thesis, Hileman said. That is about 17 million wallets created since December The exchange saw a broadening of adoption and ownership of crypto assets this year as more people continued to want in on acquiring the token.
As many as million people own crypto assets today, according to Hileman. He noticed a lot of the recent price action was driven by institutional investors, based on transactions that occur on the chain, and is unlike the retail investor frenzy of On-chain demand and other metrics suggest that the rally was driven more by institutional hedge funds, family offices, and money managers.
Hileman expects to see continued buy-in from retail and Wall Street investors going forward, rather than corporates. That's because it is harder for bigger players to participate than professional investors who already have accounts and easy access to major exchanges, he explained.
As for the US dollar, the researcher expects the world's most popular reserve currency to be digitized sometime in the next five years. The status quo is working well for the dollar because it is dominant through the SWIFT mechanism and the corresponding banking system, he said. The US government can also raise debt at attractive interest rates, supporting the dollar's status.
Like gold traders, Bitcoin and cryptocurrency traders tend to buy and sell according to numerous factors, including the price of fiat assets and the economic movements of the US Dollar.
As the US Dollar seems to drop, both Bitcoin and gold rise in value. Whether this will happen and — if it should — whether Bitcoin market cap and value can hold above that of gold will be seen in time.
If Bitcoin does exceed gold in value and market cap, it will likely be at the mass adoption of the use of cryptocurrencies for both trading and daily transactions across the globe. CoinInsider is the authority on bitcoin, ethereum, ICO and blockchain news; providing breaking newsletters, incisive opinions, market analysis, and regulatory updates.
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