According to data aggregator Coinmetrics.io on Aug. 25, so-called realized market cap has become the latest indicator flashing bullish for Bitcoin.
Realized Bitcoin market cap surpasses $100 billion record.
Realized market cap, an alternative calculation of Bitcoin's market capitalization, is now higher than ever before in the cryptocurrency's history.
Calculated from multiplying the price each bitcoin last traded by the size of each trade, the figure for Bitcoin passed $100 billion on Sunday.
As cryptography pioneer Nick Szabo added, the realized market cap progress comes in tandem with some of the lowest volatility seen on the Bitcoin network since 2012.
As Cointelegraph reported, if taken using realized cap focusing on liquidity and trading volume, Bitcoin's total market dominance in fact lies above 90%, some sources claim.
Bitcoin Cash, Zcash, Stellar and Ether posted the worst declines in BTC terms, while Binance Coin was easily the investment of choice.
The in-house token of crypto exchange Binance is up 44% against Bitcoin since August 2018.
Altcoins' decline against Bitcoin has long formed a topic of debate among commentators.
Figures such as well-known Bitcoin bull Max Keiser subsequently repeated the claims.
Bitcoin Realized Market Cap Hits $100 Billion for the First Time
gepubliceerd op Aug 26, 2019
by Cointele | gepubliceerd op Coinage
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