Market capitalization (often shortened to market cap) is the approximate total value of a cryptocurrency, typically shown in US dollars. The market cap of a cryptocurrency is calculated by multiplying the number of coins or tokens in existence by its current price. $ %. Jan 03, · Getty. While the Bitcoin price was on the decline for the second half of , the reality is the crypto asset still roughly doubled in value over the course of the entire year. Bitcoin price today is $22, USD with a hour trading volume of $54,,, USD. Bitcoin is up % in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $,,, USD. It has a circulating supply of 18,, BTC coins and a max. supply of 21,, BTC coins.
Current market valuation of bitcoinBitcoin Price | BTC Price Index and Live Chart — CoinDesk 20
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What is unique about bitcoin production is that unlike other produced goods, bitcoin's algorithm only allows for one block of bitcoins to be found, on average, once every ten minutes. That means the more producers miners that join in the competition for solving the math problem only have the effect of making that problem more difficult - and thus more expensive - to solve in order to preserve that ten-minute interval.
Research has shown that indeed bitcoin's market price is closely related to its marginal cost of production. The more popular an exchange becomes, the easier it may draw in additional participants, to create a network effect. And by capitalizing on its market clout, it may set rules governing how other currencies are added.
The rapid rise in the popularity of bitcoin and other cryptocurrencies has caused regulators to debate how to classify such digital assets. Furthermore, the market has witnessed the rollout of many financial products that use bitcoin as an underlying asset, such as exchange-traded funds ETFs , futures, and other derivatives.
This can impact prices in two ways. First, it provides bitcoin access to investors who cannot afford to purchase an actual bitcoin, thus increasing demand. Because bitcoin is not governed by a central authority, it relies on developers and miners to process transactions and keep the blockchain secure.
Changes to software are consensus driven, which tends to frustrate the bitcoin community, as fundamental issues typically take a long time to resolve.
The issue of scalability has been a particular pain point. The number of transactions that can be processed depends on the size of blocks, and bitcoin software is currently only able to process approximately three transactions per second. The community is divided over the best way to increase the number of transactions. Past bitcoin hard forks have included bitcoin cash and bitcoin gold.
While it is broadly important for regulators to protect investors, it will likely take years before the global impact of cryptocurrencies is truly felt. Your Money. Personal Finance. Your Practice. Popular Courses. Part Of. Bitcoin Basics. Bitcoin Mining. Mezrich, who wrote the book that became "The Social Network," says that movie failed to present the real Winklevoss twins. At start of October, bitcoin analysts were bullish, but few would have guessed the cryptocurrency's price could double by the end of Previously, Cash App had only allowed clients to get U.
Bitcoin Halving May 12 Sponsored by. Data Bitcoin. Export data. Key metrics. All time high. Transaction Count 24h. Average Transaction Fee 24h. Value Transacted 24h.