Cryptocurrency Q&A
What is the market cap of Bitcoin (BTC)?
What is the market cap of Bitcoin (BTC)?
Ilaria
Mon Jul 08 2024
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6 answers
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Could you please elaborate on the concept of market capitalization, specifically in the context of Bitcoin (BTC)? I'm curious to understand how it's calculated and what factors influence its fluctuations. Market cap is often used as a metric to gauge the overall value and health of a cryptocurrency, so I'm eager to know more about how it applies to Bitcoin, the world's largest cryptocurrency by market capitalization. Thank you for your insight.
6 answers
DongdaemunTrendsetterStyleIconTrend
Wed Jul 10 2024
The current live market capitalization of Bitcoin stands at a significant figure of $12.79B USD. This metric is derived by multiplying the total number of coins in circulation with their respective current market price.
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DigitalDukedom
Wed Jul 10 2024
In relation to Bitcoin's supply, there is a circulating supply of 19.72 million coins, representing a vast majority of the overall amount available. It is noteworthy that Bitcoin has a maximum supply cap of 21 million coins, a feature that sets it apart from other cryptocurrencies.
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GyeongjuGrace
Wed Jul 10 2024
Bitcoin, often abbreviated as BTC, is a digital currency that revolutionized the world of finance. It was conceptualized and brought to life in 2009 by an anonymous individual or group known by the pseudonym Satoshi Nakamoto.
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BlockchainWizardGuard
Wed Jul 10 2024
Satoshi Nakamoto's identity remains a mystery to this day, adding to the intrigue surrounding the creation of Bitcoin. However, the impact of this decentralized currency cannot be understated, as it paved the way for numerous other cryptocurrencies and blockchain-based projects.
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Rosalia
Wed Jul 10 2024
BTCC, a cryptocurrency exchange based in the United Kingdom, offers a comprehensive range of services related to Bitcoin and other digital assets. Among its offerings are spot trading, futures contracts, and secure wallet solutions.
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