Ether’s (ETH) price has rallied more than 200% in 2021, resulting in a massive $337-billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter & Gamble’s ($326 billion) and PayPal’s ($308 billion). The market cap figure is achieved by multiplying the last trade price by the total outstanding number of coins regardless of whether they’ve been moved. Therefore, it seldomly reflects the average price where most investors transacted. For investors from traditional finance, “value” is assessed by comparing multiples and valuations. These are often calculated in …

Bitcoin (BTC) revisited recent lows near $52,000 on Thursday as sustained weakness continued for the largest cryptocurrency. Traders await altcoin “magic” Cointelegraph Markets Pro and TradingView revealed a lackluster day for BTC traders as BTC/USD briefly dipped below $53,000 before stabilizing around $1,000 higher. The move came as Bitcoin was about to lose its market cap dominance supremacy to altcoins in what traditionally marks the “real” start of the “alt season.” Charts from on-chain monitoring resource CoinMarketCap showed that as of Thursday, Bitcoin’s share of the overall cryptocurrency market capitalization stood at just 50.1%. Having decreased sharply this year despite …

Holger Zschaepitz, a market analyst at Welt, emphasized that Bitcoin (BTC) is nearing the valuation of Google, as it heads toward $1.5 trillion in market capitalization. Currently, as of April 17, the market cap of Bitcoin is hovering at around $1.12 trillion as the entire valuation of the crypto market remains comfortably above $2 trillion. What is the similarity between Bitcoin and Google? The similarity between Bitcoin and Google that Zschaepitz pointed out is that both have dominance in their respective sectors. Bitcoin has the strongest network effect in the cryptocurrency market, accounting for more than 51% of the global …

Dogecoin (DOGE), the notorious meme-like cryptocurrency that continues to invite both affectionate hype and thinly-concealed derision, has posted some of the highest gains in the cryptocurrency market this week. As of the time of writing, the cryptocurrency is trading at around $0.137 — up an eye-popping 86% over the past 24 hours and over 122% over the past seven days. Its rally has secured a place for the coin i the top 10 largest cryptocurrencies by market capitalization, according to CoinMarketCap data. DOGE’s steep rise reflects the extremely bullish climate in the wider cryptocurrency markets at present: Today’s Nasdaq listing …

After rallying more than 100% in 2021, Bitcoin (BTC) seems to be struggling to turn the $60,000 level into support. After all, what is so special about this magic round number and its accompanying $1 trillion market capitalization? Gold's $11 trillion market cap might hold the answer, as Bitcoin's current trading volume and the amount held by institutional investors seem to match 10% of the precious metal's numbers. Technical indicators and derivatives data provide interesting short-term insights. But to analyze cryptocurrencies in a broader context, one should focus on market capitalization, precious metals and global wealth. More Bitcoins than in …

More than 10% of Bitcoin’s supply has been moved while its market capitalization has been more than a trillion dollars since March 26, indicating strong support in the middle- and upper-$50,000 price range. According to Monday’s “Week On-chain” report from on-chain analytics provider Glassnode, Bitcoin (BTC) has enjoyed a $1-trillion market capitalization for more than one week for the first time. “This is a strong vote of confidence for Bitcoin and the cryptocurrency asset class as a whole,” the report said. Glassnode also noted that 1.98 million BTC have moved on-chain, while Bitcoin’s capitalization has held above $1 trillion, equal …

The market capitalization of all cryptocurrencies in existence surpassed $2 trillion on April 5, according to data from Goingecko, led by the impressive growth of Bitcoin (BTC), Ether (ETH) and other altcoins in 2021. The cryptocurrency market as a whole has become approximately as valuable as Apple, the second-biggest company in the world after Saudi Arabia's oil giant, Aramco. The milestone also comes less than three months after the cryptocurrency market surpassed $1 trillion for the first time back on Jan. 7 when the price of Bitcoin was around $33,000. Will the Ethereum and altcoin bull market continue? In recent …

The Internet Archive, an American nonprofit behind major digital archive Wayback Machine, has received a $10 million cryptocurrency donation from the Filecoin Foundation. According to a Friday announcement, the Filecoin Foundation has donated 50,000 Filecoin (FIL) tokens to the Internet Archive, worth more than $10 million at the time of writing. The grant is designed to help the Internet Archive increase access to its online library including books, data, web pages, music and software. In addition to the donation, the Internet Archive’s founder Brewster Kahle and director of partnerships Wendy Hanamura have joined the boards of advisors for the Filecoin …

Amid another bullish trend on cryptocurrency markets, total crypto market capitalization has broken a new historical record just unde $2 trillion. The market cap of all cryptocurrencies surpassed $1.9 trillion on March 31, according to data from major crypto monitoring resources like CoinGecko and CoinMarketCap. The total market cap reached as high as $1.99 trillion earlier on the day, hitting a new all-time record. Following a subsequent correction, the total crypto market cap has slipped slightly, dropping to $1.89 trillion at the time of writing. In hitting its new historical high, the total crypto market capitalization has overtaken the market …

Another day of gains for Bitcoin (BTC) has seen the price of the largest cryptocurrency by market capitalization go beyond the $1.1 trillion mark — $1.105 trillion to be precise. This market capitalization growth now means that Bitcoin’s market size has surpassed Canada’s M1 money supply which stands at $1.104 trillion, according to data from CEIC. At the present figure, Bitcoin’s market capitalization is also greater than the M1 money supply of the Australian dollar, which currently stands at $1.079 trillion. By exceeding Australia and Canada, Bitcoin's market capitalization is once again large enough to make BTC appear in the …

As Bitcoin markets begin to form another daily red candle, its market capitalization has dropped back below $1 trillion once again. The third major correction in the current bull market is deepening and prices are already down 12.5% from their all-time high of $60,100 on March 13. According to CoinGecko, the BTC market capitalization is currently $980 billion, having dropped $140 billion over the past seven days since last Thursday, March 18. The move comes just a few days after analyst Willy Woo predicted that its total capitalization would not fall back below these levels again. “$1T is already strongly …

THETA, the native token of the Theta Network — a decentralized blockchain-based video delivery network — has entered the top 10 cryptocurrencies by market capitalization. On Tuesday, THETA overtook Chainlink's LINK as the 10th biggest cryptocurrency by market cap at nearly $11.5 billion, according to data from CoinGecko. At publishing time, LINK’s market cap amounte to $11.2 billion. THETA has seen huge growth recently, gaining 70% over the past seven days and hitting new historical highs. The token is trading at $11.80, up 17% over the past 24 hours as of publishing time, according to data from CoinGecko. The coin …