Cryptocurrency Q&A
What is the bitcoin market cap?
What is the bitcoin market cap?
EthereumEmpress
Thu Jul 11 2024
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6 answers
1097
Excuse me, I'm quite curious about the cryptocurrency world, and I've been hearing a lot about Bitcoin. Could you please elaborate on what the Bitcoin market cap actually represents? I understand it's a metric used to gauge the size of a cryptocurrency, but I'm not entirely sure how it's calculated or what it signifies in the broader context of the market. Would you mind explaining it in a way that's easy to understand? I'm particularly interested in how it can affect investors' decisions and what trends we might see in the Bitcoin market cap in the future.
6 answers
Margherita
Fri Jul 12 2024
Parallelly, the circulating supply of Bitcoin is estimated to be 19.70 million, reflecting the number of coins that are available and in circulation.
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DavidLee
Fri Jul 12 2024
The current market capitalization of Bitcoin stands at a significant figure of 1,331.61 billion.
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GalaxyGlider
Fri Jul 12 2024
To determine the market cap, the price of one Bitcoin is multiplied by its circulating supply.
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Chloe_jackson_athlete
Fri Jul 12 2024
Applying this calculation, we multiply $67,580 with 19.70 million, resulting in a market cap of 1,331.61 billion.
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Rosalia
Fri Jul 12 2024
This calculation is derived by taking into account two primary variables: the price of one Bitcoin and its circulating supply.
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