XRP is down % in the last 24 hours. The current CoinMarketCap ranking is #4, with a market cap of $16,,, USD. It has a circulating supply of 45,,, XRP coins and a max. supply of ,,, XRP coins. The top exchanges for trading in XRP are currently Binance, Huobi Global, HBTC, Dsdaq, and Hydax Exchange. Mar 27, · On the price chart there is shown historical value of BTC cryptocurrency, log graph of Bitcoin market capitalization and the most reasonable historical dates. Bitcoin in [ edit ] History of Bitcoin price in , , Ratings: 8. About Bitcoin Cash. Bitcoin Cash price today is $ USD with a hour trading volume of $5,,, USD. Bitcoin Cash is down % in the last 24 hours. The current CoinMarketCap ranking is #6, with a market cap of $5,,, USD.
Historical market cap bitcoinBitcoin: new historical high for the market cap - The Cryptonomist
Indeed, according to CoinMarketCap. The previous record was set on December 17th, , in the midst of a speculative bubble, when it reached billion dollars. It is worth noting that the market cap is simply the product that is obtained by multiplying the value of the single token by the number of tokens in circulation.
In December the number of BTC tokens in circulation was about Therefore although the price of these tokens is lower than the previous record, the current market cap is higher due to the higher number of tokens in circulation. The value of the price of the individual token is not in itself relevant. Or rather, it is the variation of the prices that is very relevant, especially for who buys or sells, but the value of the price in absolute terms is not significant. Instead, the market capitalization is a good estimate of the true market value of a cryptocurrency , so much that it is also used to make the comparisons between the various crypto assets.
For example, bitcoin is not the cryptocurrency with the highest value per token, in fact the price of yearn. It is therefore incorrect to compare the prices of the single tokens, while it is correct instead to compare the market capitalizations, in fact Bitcoin is worth times more than YFI. Despite this, it is the fourth cryptocurrency in the world in terms of market capitalization, with more than 13 billion dollars, while for example LINK Chainlink , which is in fifth place, has a price of Therefore, the fact that Bitcoin has recorded a new historical high for its market capitalization means that, overall, this cryptocurrency has never been more valuable than it is now in all of its history , although for BTC holders it certainly matters more that the price is still below the historical high of December 17th, Class , Marco teaches web-technologies and is an online writer specializing in cryptocurrencies.
Like gold, which is an exhaustive precious metal available only in a limited quantity - Bitcoin too, is limited. Only 21 Million Bitcoins will ever exist. This aspect of scarcity and rarity of the currency gives it value. Out of these 21 Million, Satoshi Nakamoto, the anonymous creator of Bitcoins holds 4.
Flaws in Existing Banking Systems: The existing banking systems are a centralized concept, governed by a centralized governing body.
These banking systems can be slow and often charge a high amount of fees too. However, when it comes to cryptocurrencies, there is no centralized authority that governs the transactions - it is instead a decentralized and distributed system based on an open ledger.
The transactions are faster as well as cheaper compared to bank charges. Moreover, sometimes banks impose unfair embargos upon businesses or individuals. Cryptocurrencies help bypass this kind of a blockade. However, this also has a negative aspect to it because it then means that sometimes cryptocurrencies can also be used to make illegal purchases the likes of which have been noticed over the darknet in the past.
Economic Crisis: In some countries, the fiat money might not be as reliable. This is often the case in third world nations where corruption is rampant and in war-torn countries where there is no proper banking system.
In countries where currencies are devalued, cryptocurrencies are of great help. The simple answer to this question is yes. The price of Bitcoin can be manipulated - but only to a certain extent. As explained above, Bitcoin is similar to gold in its pricing. People who own large quantities of Bitcoin hold a larger degree of control over the prices. Once a price fall begins, many people begin to sell off their holdings fearing a bigger crash. As more and more people begin to panic sell their holdings, the price begins to fall - this is a chain reaction which continues till all the panic sellers have sold off their holdings to avoid a loss or to avoid bigger losses.
Price manipulation such as this is quite common in the cryptocurrency world. Apart from whales triggering such kind of a reaction in the markets, sometimes incidents such as exchanges being hacked also cause a similar crash in the prices. There have also been multiple allegations of insider trading in some exchanges. Basically, price manipulation is not extremely common - but it is not unheard of either.
Join our mailing list to get regular Blockchain and Cryptocurrency updates. No thanks. We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts.
Email — contact cryptoground. Bitcoin News Ethereum news Altcoin news. Bitcoin BTC. Bitcoin Price History Analysis Let us take a look at some historic data for Bitcoin and try and understand the movement of the price of Bitcoins over the years. What was the price of Bitcoin in ? Wha t was the price of Bitcoin in ? Recent News.