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The all-time high for bitcoin's market cap was $1.28 trillion hit in November 2021, according to Coingecko.
Based on a free market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. [6] Use of bitcoin as a currency began in 2009, [7] with the release of its open-source implementation. [8] : ch. 1 In 2021, El Salvador adopted it as legal tender. [4]
The market capitalization of a cryptocurrency is calculated by multiplying the price by the number of coins in circulation. The total cryptocurrency market cap has historically been dominated by Bitcoin accounting for at least 50% of the market cap value where altcoins have increased and decreased in market cap value in relation to Bitcoin.
A bitcoin -based currency featuring instant transactions, decentralized governance and budgeting, and private transactions. China based cryptocurrency, formerly ANT Shares and ANT Coins. The names were changed in 2017 to NEO and GAS. The underlying software is derived from that of another cryptocurrency, ZetaCoin.
Yet a $2.3 billion sale would only equal about 0.2% of Bitcoin's market cap -- so it seems like a lot of sound and fury that doesn't really signify anything for long-term investors.
The New Liberty Standard Exchange recorded the first exchange of Bitcoin for dollars in late 2009. Users on the BitcoinTalk forum traded 5,050 bitcoins for $5.02 via PayPal, making the first price ...
That caused a significant decline in XRP's market capitalization and created chaos on the markets. [2] [3] According to Bloomberg, in November 2019, Coinmarketcap introduced a Liquidity metric designed to combat fake trading volume. [4] In April 2020, Binance, a cryptocurrency exchange, acquired Coinmarketcap for an undisclosed amount.
BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT) has become the largest spot Bitcoin (CRYPTO: BTC) ETF by market cap, reinforcing Fink’s view that Bitcoin is akin to digital gold.