Dec 10, · In , Bitcoin Is No Longer The World's Most Used Cryptocurrency Bitcoin may be the first cryptocurrency, and the biggest by market capitalization—but in terms of trading volume, Tether leaves it in the dust. Dec 09, · Bitcoin’s current market cap is $ billion, trailing Mastercard’s market cap of $ billion and just ahead of NVIDIA, which is at $ billion, data from Asset Dash stated. Tyler noted. rows · Today's Cryptocurrency Prices by Market Cap The global crypto market cap is $B, a .
Bitcoin current market capBloomberg Analyst Says Bitcoin Targeting $1,,,, Market Cap | The Daily Hodl
Do you know what else touched 18 today? We love you. On top of this, Tether also saw a dramatic surge in interest following Black Thursday in March , when the vast majority of cryptocurrencies collapsed in value in one of the biggest sell-offs in recent history. As individuals and businesses looked to exit their volatile positions, demand for Tether soared—and has continued to this day, as traders use it to avoid volatility. Like Tether, there are a handful of other USD-backed stablecoins other there, as well as others that are pegged to the value of the US dollar but are instead backed by other assets.
Though none of these have achieved the same absolute levels of success as Tether, many have surpassed it in other key areas. Tether, on the other hand, is just the third most used stablecoin in DeFi, as measured by the total value locked in DeFi applications. Still, if Tether is facing challengers, it's validation of the broader concept of stablecoins. Other stablecoins aren't the only competition faced by Tether, though; central bank digital currencies CBDCs are looming large on the horizon.
Governments and regulators are turning their attention to stablecoins, too; in November , the British Chancellor of the Exchequer tweeted that the Treasury would publish a consultation to ensure that "new privately-issued currencies, stablecoins, meet the high standards we expect of other payment methods.
And in the US, a proposed Congressional bill would require stablecoin issuers to have a banking charter and earn regulatory approval from the Federal Reserve, FDIC and other agencies. Read on the Decrypt App for the best experience. For the best experience, top crypto news at your fingertips and exclusive features download now.
News Coins. By Daniel Phillips 7 min read. As I expect Bitcoin continue to show strength and reach new ALT this year and push forward to its k goal, Looks like Bitcoin will continue to outperform alt coins for the short term. But don't be discouraged, as long as your alt coins keep going up against the dollar, you are winning BTC dominance is at supply zone, previously many times it rejected frm same zone.
Anyone that holds the majority of their cryptocurrency portfolio in Alts ought to be looking at this chart. Not even going to do any analysis, the result is already in. At this point, it could be the bottom for Alts, but it is hard to hold on to almost anything but BTC knowing that your investment performance is being slowly eaten away.
This is partly to do with Hello, traders! Bitcoin's dominance has tested the Bitcoin absorbed all the liquidity of the market during its rally. Christmas holidays are coming and traders in the stock market prefer to fix their positions.
In case if big players are fixing positions on BTC, the nearest support level is at the price values of Bitcoin dominance touched On the weekly chart, Bitcoin Dominance completed the Elliott wave pattern and now the ABC correction wave is going on. The B wave is completed with a Some Elliott Wave for you.