Currencies38131
Market Cap$ 2.26T+0.79%
24h Spot Volume$ 30.33B-8.38%
DominanceBTC56.30%+0.06%ETH9.48%+1.03%
ETH Gas0.07 Gwei
Cryptorank
/

Bitcoin Realized Cap Nears $1 Trillion as Institutional Demand Surges


Bitcoin Realized Cap Nears $1 Trillion as Institutional Demand Surges

Share:

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner
  • It took approximately two years from 2011 to 2013 for the Realized Cap to go from 1$ million to 1$ billion, and nearly six years to go from $100 billion to $1 trillion
  • The overall market capitalization of Bitcoin has surpassed $2.1 trillion
  • The cryptocurrency is close to reaching its all time high of around $109,100

Glassnode shared a chart showing that Bitcoin Realized Capitalization has surpassed $900 billion and is nearing $1 trillion. 

This metric, which tracks the value of all Bitcoins at the price they were last moved, is widely viewed as a more nuanced indicator of market strength than traditional market cap.

Growth Accelerates as Realized Cap Approaches Historic Level

Interestingly, it took approximately two years from 2011 to 2013 for the Realized Cap to go from 1$ million to 1$ billion. On the other hand, the leap from $100 billion to $1 trillion has taken nearly six years, indicating that increasing capital is required for each successive growth phase. 

Not long ago, the overall market capitalization of Bitcoin has surpassed $2.1 trillion, positioning it as the sixth-largest asset globally by market cap. This is rather mind blowing when yo…

The post Bitcoin Realized Cap Nears $1 Trillion as Institutional Demand Surges appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 63.73K

+0.89%

$ 0.00726

+0.31%

$ 3.46

$ 0.000161


Funds

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 63.73K

+0.89%

$ 0.00726

+0.31%

$ 3.46

$ 0.000161


Funds

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

Bitcoin’s $10 billion credit market keeps growing after its first major selloff

Bitcoin’s $10 billion credit market keeps growing after its first major selloff

Bitcoin’s more than $10 billion corporate credit market is still attracting new entra...
Bitcoin Reclaims $64K Despite Strategy’s New Sale and Resumed US-Iran Strikes: Weekly Recap

Bitcoin Reclaims $64K Despite Strategy’s New Sale and Resumed US-Iran Strikes: Weekly Recap

Meanwhile, Ethereum is back at $1,800, SOL is struggling to maintain $80, while XRP h...