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Bitcoin’s Realized Market Cap Hits $378B, Total Market Cap at $880B

Goodluck by Goodluck
August 15, 2021
in Business
0
According to the metrics site Glassnode, Bitcoin’s (BTC) ‘realized’ market capitalization today reached an all-time high of $378 billion.
  • Today Bitcoin’s price reached $48,000 before falling sharply to $46,700.
  • CoinGecko reports that Bitcoin’s total market cap at $880 billion.
  • The measurement of market capitalization is a multiplication of all circulated coins by the current coin price.
  • The realized cap is a method of assessing Bitcoin’s market cap based on the price at which each coin last moved.

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Through realized cap’s value, people can measure whether Bitcoin is overvalued or not.
Bitcoin has increased by 9.5% this week and 42.5% this month.

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