|All Time High:|
|Market Cap: |
|The price of #CAP today is $199 USD.|
The lowest CAP price for this period was $0, the highest was $199, and the current live price for one CAP coin is $198.82481.
The all-time high CAP coin price was $846.
Use our custom price calculator to see the hypothetical price of CAP with market cap of ETH or other crypto coins.
|The code for Cap crypto currency is also #CAP. |
Cap is 2.6 years old.
|The current market capitalization for Cap is $19,882,481.|
Cap is ranking downwards to #1080 out of all coins, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #CAP.|
Today's 24-hour trading volume across all exchanges for Cap is $54,651.
|The circulating supply of CAP is 100,000 coins, which is 100% of the total coin supply.|
A highlight of Cap is it's exceptionally low supply of coins, as this supports higher prices due to supply and demand in the market.
|CAP has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on at least 2 crypto exchanges.|
|Note that there are multiple coins that share the code #CAP, and you can view them on our CAP disambiguation page.|
More Cap (#CAP) News
|Cardano Adds 50,000 New Wallets As ADA Market Cap Surges
The Cardano ecosystem has the potential for further growth. The network has grown tremendously in various sectors, including decentralized finance (DeFi) and nonfungible tokens (NFTs). The blockchain has recorded massive adoption over the past months emerging as the third most active blockchain in development activity.
According to data from Cardano Blockchain Insights, this blockchain's ecosystem has added more than 50,000 new wallets since the beginning of the year. From 3,842,867 recorded on January 1 to 3,894,735 wallets registered as of January 25, a total of 51,868 wallets were added to the network.
In the past 25 days, an average of 2,075 new wallets have been created daily, indicating a rising interest and activity from potential new investors on the Cardano blockchain.
ADA Market Cap Surges Nearly 50%
Following the increasing interest from potential buyers, Cardano's (ADA) market capitalization has recorded new monthly highs. From the $8.48 billion seen late last year, the ADA market cap has surged to over $13 billion, up by 43% in the previous 30 days.
The asset has gained traction and recognition from notable firms. Earlier this week, crypto analytics platform StockTwits ranked ADA as the most trending cryptocurrency, surpassing Bitcoin (BTC), which attained the second position below ADA.
CoinGecko and Coinmarketcap have ranked ADA as eighth regarding top cryptocurrencies with the highest market capitalization. Alongside its cryptocurrency market cap ...
|Shiba Inu Declines 6%, Gets Flipped By Litecoin In Market Cap Again
Shiba Inu has once again been flipped by Litecoin in terms of market cap as the meme coin has recorded losses of 6% in the past 24 hours.
Shiba Inu Is Down More Than 6% Today
The year 2023 so far has overall been a pleasant time for SHIB holders as the coin is up around 40% year-to-date. But in the past day, the market hasn't been so kind on the meme coin as its price has observed some significant decline.
At the time of writing, Shiba Inu is trading around $0.00001132, down 6% in the last 24 hours. Here is a chart that shows the trend in the price of the asset over the past month:
As can be seen in the above graph, Shiba Inu caught an upwards momentum in the first week of this month and continued to rapidly rise until forming a local top above the $0.00001270 level around a week ago. In the days that followed, however, the coin mostly displayed a sideways movement, until today came around and the asset plunged.
Over the last seven days, SHIB is now down around over 8%. For comparison, rival coin Dogecoin has only seen a decline of less than 2% in this period, while Bitcoin has observed decent profits of almost 7%.
One question arises here: why did Shiba Inu see such a drop? According to crypto whale tracker service WhaleStats, the DOGE-cousin coin has been the most traded token among the top 100 Ethereum whales today:
JUST IN: $SHIB @Shibtoken flipped $NMR for MOST TRADED token among top 100 #ETH whales
Check the top 100 whales here: https://t.co/N5qqsCAH8j
(and hodl $B...
|Money Leaves ADA, SOL To Small Cap Altcoins, Here's Where It's Headed
With the crypto market rally, altcoins have benefitted just as much as bitcoin. Digital assets across the space have been able to return to their pre-FTX collapse levels, signaling the start of a bull run. However, as the market begins to settle into this new normal, investors are moving gains around from larger cap assets to take advantage of possible price movement in smaller altcoins.
Cycling Out Money To Small Cap Altcoins
A recent report from on-chain data aggregation website Santiment shows that investors may be moving money out of larger cap coins such as Cardano and Solana and moving to small cap coins. This paints a picture of a rotation of funds rather than outright pulling money out of the crypto sector.
Santiment notes that the large gains recorded by the likes of Solana, Cardano, and Polkadot are now being moved into smaller altcoins. Most of these coins are top 200 and below tokens with market caps lower than $300 million.
The cycling of funds into these smaller altcoins is shown by their address activity. The image shared by Santiment shows a significant uptick in the address activities of these coins. Most notably, the uptick was seen from last week as a lot of these larger cap coins hit new local peaks.
The small cap coins mentioned in the report are TRADE, RBN, SLP, PLSPAD, POND, MITX, MTH, and CBG. Most of these are coins flying under the radar. Ribbon Finance (RBN) which is the most prominent on the list is only at a $139.7 million market cap but has ri...
|Bitcoin Hits $23,000 As Crypto Market Cap Revisits $1 Trillion Mark
Bitcoin, the king of cryptocurrencies, has been crossing multiple crucial resistances since the start of the year. According to CoinGecko, the coin is now up 14% in the weekly timeframe, and trading at $23,008, making BTC break through the $22,000 and $23,000 resistance levels that have limited the crypto's ascent.
This year witnessed a complete U-turn in investor sentiment on cryptocurrencies as both Ethereum and Bitcoin reaped massive gains, along with the other top altcoins. This led to the entire crypto market to experience a resurgence in almost all aspects.
At the time of writing, the current market cap of the entire cryptocurrency market is at $1.05 trillion, according to CoinMarketCap.
Crypto Winter Thawing? Twitter has been very bullish since the coin broke through its latest line of barrier. Analysts say that the break on the $23k wall will validate the entry of this year’s bull market, with some even targeting $100,000, or more, in the long term.
This recent price movement led to massive liquidations of short positions on Bitcoin. There are several reasons as to why this BTC broke through $23k.
#Bitcoin / $BTC
When this finally breaks through, we'll see a glorious god candle to $30K
Just don't think today is the day that's going to happen
be careful and don't get too greedy yet friends pic.twitter.com/22UMHUNBCv
— K A L E O (@CryptoKaleo) January 20, 2023
Just this few hours ago, the NASDAQ index jumped almost 3% as tech stock...
|Crypto Market Cap Reclaims $1T as SOL, OKB, APT Explode by Double Digits...
Bitcoin soared by roughly $2,000 in the past several, charting its highest price position since mid-September.
The altcoins are well in the green as well, with some, such as SOL and OKB, posting massive double-digit price increases.
Bitcoin Sees 18-Week High
The latest bitcoin surge came amid five bullish on-chain factors provided by CryptoQuant earlier this week. The asset had calmed after touching $21,600 and had retraced to just under $21,000.
The bulls had a battle that continued for a few days seems to be won, at least for now, as BTC went through one of its most impressive overnight price surges in a while. It took it from below $21,000 to inches away from $23,000.
Although it has still been unable to tap that level as of now, touching $22,800 is the highest price tag bitcoin has seen in 18 weeks. Somewhat expectedly, this price surge caused losses worth millions of dollars for over-leveraged traders, with the majority being short positions.
The price pump has helped BTC's market cap to increase to almost $440 billion. Its dominance over the altcoins is also on the rise and is up to 42%.
BTCUSD. Source: TradingView
APT, SOL, OKB Skyrocket
Although BTC's market dominance is increasing, several altcoins are actually outperforming the largest digital asset on a daily scale. Among those, Aptos' native token has taken the main stage with a mind-blowing 57% surge. As a result, APT has marked a multi-month high above $12.
Next in line from the larger-cap altcoins are Solana, O...
|Crypto Market Cap Taps $1 Trillion as SOL, DOT Explode Double Digits
The rally from the past two weeks has pushed the cumulative market cap of all crypto assets to above $1 trillion for the first time since the FTX debacle.
This comes amid the massive price surge from several altcoins, such as Solana, Polkadot, Polygon, Avalanche, and others.
The start of 2023 has been quite spectacular for the cryptocurrency market following the painful 2022. The largest digital asset went from around $16,500 to over $21,000 in about two weeks.
This 27% increase meant that the asset recovered all losses that came from the FTX collapse in November. It also helped BTC's market cap to touch $400 billion, and its dominance is up to almost 41% after dropping to 39% last week.
Although bitcoin's dominance is on the rise in the past few days, several altcoins have actually outperformed it. Solana is a prime example. SOL was among the most harmed asset following the FTX crash due to its affiliation with the former empire led by SBF.
This culminated in a drop below $8 at the end of 2022. However, things started to change following some positive words by Ethereum's co-founder Vitalik Buterik, and SOL went on a roll. It almost tripled its value in the span of a few weeks and surged above $23 earlier today.
NEAR Protocol is another massive daily gainer, following a 28% surge. MATIC, DOT, TRX, AVAX, and CRO are among the other larger-cap altcoins with double-digit price pumps.
This rally has pushed the crypto market cap to above $1 trillion on CoinGecko for the firs...
|Bitcoin Skyrockets to 9-Week High as Crypto Market Cap Above $900B (Mark...
Bitcoin keeps charting new local peaks since the start of the year, and the latest came hours ago of well above $19,000.
Most altcoins are in the green as well, with Solana jumping above $17 and LDO nearing $2 once more.
Bitcoin Explodes to $19K
After the violent 2022, the start of the new year has been quite positive for the primary cryptocurrency. It entered 2023 at around $16,500 and neared $17,000 by the end of the week.
Although it was stopped there at first, BTC went back on the offensive and reclaimed that level at the start of the current week. The asset hasn't looked back since.
Just the opposite, it kept climbing higher, resulting in a price surge to above $18,000 late Wednesday. It remained somewhat quiet for most of the trading day yesterday but surged past $19,000 hours ago.
As such, BTC painted its highest price tag since the FTX fiasco on November 8 at $19,200. Although it has retraced by a few hundred dollars since then, it's still 4% up on the day.
Its market capitalization has soared to north of $360 billion, while its dominance over the alts has recovered all weekly losses and is back above 40%.
BTCUSD. Source: TradingView
Altcoins in the Green
Similar to bitcoin, most of the altcoins are well in the green today as well. Ethereum has jumped above $1,400 once again after slipping below that level yesterday. Binance Coin is close to $290 following a 1.5% increase on the day. Similar daily rises are evident from Ripple, Dogecoin, and Litecoin.
|AVAX Value Drops By 2% Following Grayscale Removal of Avalanche From Lar...
In its latest quarterly update, Grayscale announced the rebalancing of funds for the fourth quarter of 2022. As part of the rebalancing, Grayscale sold off a certain amount of its Digital Large Cap Fund and dumped its held tokens, including Avalanche Network token AVAX.
AVAX has slipped by 2% following the sell-off in the past 24 hours. According to Grayscale, the sold-off AVAX tokens were replaced with the purchase of the existing fund components in proportion to their respective weightings.
Grayscale Purchased And Existing Tokens
The AVAX sell-off was only part of the CoinDesk Large Cap Select Index and Grayscale Digital Large Cap Fund. In its CoinDesk Smart Contract Platform Select Ex ETH Index and Grayscale Smart Contract Platform Ex-Ethereum Fund portfolio rebalancing, the company sold off Algorand native token ALGO.
In its CoinDesk DeFi Select Index methodology, Grayscale adjusted its DeFi Fund’s portfolio and purchased Synthetix (SNX) after selling some existing assets.
As of now, the Grayscale portfolio fund now includes 65% Bitcoin (BTC), 30% Ethereum (ETH), 1.86% Cardano (ADA), 1.39% Polygon (MATIC), and 1% Solana (SOL). Meanwhile, its DeFi Fund’s Fund Components include 65.05% Uniswap (UNI), 12.39% Aave (AAVE), 8.15% MakerDAO (MKR), 6.02% Synthetix (SNX), 4.58% Curve DAO Token (CRV), and 3.81% Compound (COMP).
Since July, Grayscale has been carefully monitoring the CoinDesk Large Cap Select Index. The index launched in Apr...
|Litecoin Surges 7% In Strong 2023 Start, Jumps To 12th On Market Cap Lis...
Litecoin has kicked off 2023 to a bright start as the crypto has surged 7% in the last 24 hours and has climbed to 12th on the market cap list.
Litecoin Starts 2023 On A Positive Note
2022 was a terrible year for the entire cryptocurrency sector as the long bear market resulted in losses of more than 50% for most of the coins. Litecoin was no exception; the asset ended the year with a drawdown of about 53%.
This year, however, may very well turn out to be different for LTC as the coin seems to have observed a strong start so far. At the time of writing, Litecoin is trading around $75, up 7% in the last 24 hours. The below chart displays the recent trend in the crypto's price.
The reason why this year could be better for LTC investors is that the next halving is set to take place this year. Therefore, Litecoin holders have been hoping that a rally would build up soon, ahead of the halving scheduled for this August.
As the graph shows, Litecoin has certainly already made a great start to the year, observing sharper upwards momentum than any other top coin. Though, currently, it's unclear whether this would be the push that leads the coin to a proper halving rally, or if it's another temporary rise before the real rally starts.
Despite LTC's poor performance during 2022, there were still some positive takeaways for the coin. For example, the network processed over 39 million transactions in the year, a new record.
The Litecoin Network completed over 39 million transactions in...
|No Santa For Cryptos This Year: Large Cap Coins Touch December Lows
As Bitcoin hits new lows at year-end, other large-cap altcoins have followed suit. There seems to be no love for crypto this year-end, as Santa has refused to show up.
General Crypto Market Cap Plunges
As it stands, crypto traders and investors seemed to have their hands up in resignation. Trading volume across major exchanges has been highly compressed. The general market capitalization across all digital assets is down around 2.6% monthly, at $774 billion.
The Bitcoin jump to $16,800 was a faint attempt at a bullish rally. The cryptocurrency continues to experience more downside, falling to its lowest in 3 weeks.
Ethereum added 3.5% on Tuesday, having closed 130 basis points (bps) lower on Monday. The second largest crypto by market cap rose into the $1,200 region.
ETH seems to collide with higher resistance at the $1,230 level. This could be challenging with the 14-day RSI now hovering directly below a ceiling of 47,000.
The prices for Solana and Polkadot are currently trading at $12.36 (up 0.5%), $4.59 (down 0.8%), respectively. On the weekly chart, Polka Dot has decreased by 11.1% while Solana has decreased by 7.2%. During the past week, Polygon has lost 12.2%. Talking about some of the prominent stablecoins, Tether, USD Coin, and Binance USD are trading at $1 (flat), $1 (down 0.1%), and $0.99 (flat), respectively. Terra Classic is listed at $0.00011 (down 3.78%). Binance's BNB soared 0.2% over the last 24 hours while meme coins Shiba Inu and Dogecoin took a beating, ...
|Stablecoin BUSD's Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is...
While billions of dollars in crypto assets have been withdrawn from Binance, the world's largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of BUSD's supply was drained since last month, statistics show that 14.77% of the reduction took place on Dec. 13. BUSD's Supply Declined by 3.24 Billion Since Dec. 13
Amid the speculation surrounding Binance and the large number of withdrawals (over $3B) that took place on Dec. 13, 2022, the stablecoin BUSD has seen its supply reduced by 14.77% in a matter of three days. Over the course of the last month, stats show BUSD had 23 billion tokens in circulation, and today it is 20% lower at 18.58 billion BUSD coins.
The news follows Bitcoin.com News reporting on the Binance-associated and Paxos-backed stablecoin climbing 22% higher in two months on Oct. 22, 2022. It should be noted that while BUSD shares its logo and name with the crypto exchange Binance, the stablecoin is managed by Paxos.
The crypto company Paxos also manages pax dollar (USDP) and pax gold (PAXG). The BUSD increase at the time was taking place while tether (USDT) and usd coin (USDC) saw their coins in circulation depleting. In terms of market capitalization, BUSD's market cap is the sixth-largest crypto market valuation today, and it entered the top ten standings right after Terra's UST collapsed.
30-day stats show BUSD saw the largest monthly decline out of all of the top ten...
|Shiba Inu Continues Decline, Sinks To 15th In Market Cap List
Shiba Inu has declined by more than 6% in the last week, and as a result, has lost its place in the market as the 14th largest coin to Tron (TRX).
Meme Coin Shiba Inu Has Continued To Struggle In Recent Days
More than one month following the FTX collapse, SHIB has continued its struggle as the meme coin has been unable to put together any bullish momentum. While the rest of the market was also hit hard by the crash, other top coins have been nonetheless able to show at least a little recovery. Here is a chart that shows the trend in the meme coin's value during the past month:
As you can see in the above graph, Shiba Inu has taken a hit during the last few days, breaking the monotonous sideways trend a bit. After this decline, the meme coin's monthly returns now stand at around -8%. For comparison, rival Dogecoin is up almost 1% in the same period, while Bitcoin has seen profits amounting to 4%.
SHIB Slips Further Down The Market Cap List
A consequence of SHIB's recent poor performance has been a change in its standing among the wider cryptocurrency sector. Just last month, Shiba Inu was the 13th largest coin based on the market cap, but the meme coin declining while its competitors have shown better strength has led to it first losing its spot to Litecoin (LTC), and now being overtaken by Tron (TRX).
The below table shows how the 12th to 17th-placed cryptos have performed recently.
The current market cap of Shiba Inu is around $4.8 billion, which is actually only slight...
|Over the Last Year, Bitcoin's Market Cap Slid From the World's 8th Most ...
In Nov. 2021, bitcoin's market valuation managed to make it into the top ten list of assets ranked by market capitalization, as it was the eighth largest market cap last year on Nov. 9. Since then, bitcoin is 75% lower in value against the U.S. dollar and the leading crypto asset's market capitalization has dropped down to the 26th largest position among the most valuable assets and companies worldwide.Bitcoin's Market Cap Is Just Below Chevron's and Just Above the Home Depot's Market Valuations
Just over a year ago in Nov. 2021, bitcoin's (BTC) market capitalization was the eighth largest out of a myriad of companies and assets traded globally. At the time, on Nov. 9, 2021, an archive.org snapshot collected from companiesmarketcap.com shows BTC's market valuation was $1.289 trillion as each unit was swapping for just over $68K.
On that day, BTC's market cap was below the precious metal silver's overall valuation, which was $1.380 trillion on Nov. 9, 2021. The leading crypto asset was just above Tesla's $1.167 trillion market valuation recorded 395 days ago. Additionally, ethereum (ETH) was situated in the top 20 positions of assets ranked by market capitalization as ETH held the 15th largest market cap on Nov. 9, 2021.
At the time, ETH's market valuation was around $570.45 billion as ether was swapping for $4,839 per unit. Ethereum's market cap was below the company Tencent which had a market valuation of around $588.07 billion. The second leading crypto asset's market cap...
|Bitcoin Tops $17K as Crypto Market Cap Eyes $900 Billion (Market Watch)
After days of consolidation and a downward-leaning sideways action, the cryptocurrency market has finally bounced and seen a sea of green on the trading charts. The total capitalization is aimed at $900 billion.
Bitcoin Price Tops $17K
Over the past 24 hours, Bitcoin managed to finally increase and has topped the coveted $17K level in the process.
BTC increased from an intraday low of $16,733 to a local high of $17,330 (on Binance) which marks gains of around 3.5%.
Source: Binance via TradingView
Bitcoin's dominance - the metric that gauges its share relative to that of the entire market - also increased a bit. This is important because it's telling of the current state of things where altcoins are performing slightly less than BTC.
Altcoins Also Green
Despite performing worse than BTC, most of the cryptocurrencies are also trading well in the green today.
Source: Quantify Crypto
As seen in the above heatmap, Ethereum is one of the best performers amid the top coins by means of total market cap, and it's up almost 4% on the day, aiming for $1,300. Litecoin and MATIC are also charting similar gains.
Trust Wallet's TWT token and The Graph (GRT) are today's champions, both up around 8.5% in the past 24 hours. On the other end of the spectrum, Radix (XRD) failed to keep up and declined by a considerable 10% during the day.
The increase has also had a positive impact on the broader market sentiment. Data shows that it transitioned from a state of 'extreme fear' to 'fear.'
|Crypto Economy's Market Cap Slides Below $800 Billion for the First Time...
The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second leading crypto asset ethereum shed 7.61% on Monday, dropping below the $1,100 range.Crypto Economy Sheds More Than 4% over the last day, Bitcoin Drops Below $16K, Ethereum Slips Below $1,100
Cryptocurrencies had a rough Monday as the entire digital asset market capitalization saw a 4.37% decrease over the last day. Furthermore, the U.S. dollar valuation of all the crypto assets in existence fell below the $800 billion zone, the lowest value seen since December 30, 2020.
While cryptocurrency trade volumes rose to $150 to $225 billion during the FTX market mayhem, global trade volumes dropped greatly down to $66.66 billion in 24-hour trade volume on November 21, 2022. Bitcoin (BTC) dropped to a low of $15,588 per unit on Monday under the $16K range and it's currently coasting along at $15,721 per unit at 3:30 p.m. (ET).
Ethereum (ETH) is trading for $1,091.14 per unit after losing 7.61% in USD value during the last 24 hours. Some of the biggest losers on Monday include near protocol (NEAR) down 12.6%, terra luna classic (LUNC) lost 11.1%, and solana (SOL) shed 10.7% in 24 hours.
Coins like huobi (HT), ethereumpow (ETHW) and apecoin (APE) saw gains today between 1.7% to 7.3% with HT leading the pack. Presently, BTC's dominance among the...
|Bitcoin Reclaims $20K, Market Cap Above $1 Trillion, Elon Musk Buys Twit...
After spending multiple weeks trapped around $19,000, Bitcoin's price was finally able to escape the range and break out toward the upside. BTC reclaimed $20K and even poked above $21,000 before retracing a bit to where it currently trades. Elsewhere, Elon Musk officially acquired Twitter, so let's unpack.
Bitcoin started the week trading at around $19,000, and it was seemingly trapped there for quite a while. However, the volatility picked up on Tuesday, and the bulls returned to the market, taking BTC's price above $20,000 for the first time in over 20 days.
The march continued on Wednesday when the cryptocurrency briefly poked above $21,000 (on Binance), but buyers were unable to sustain the price, and it was pushed back toward where it currently trades at around $20,500. All in all, BTC is up 8% in the past seven days.
The rest of the market is also painted in green, with Dogecoin being the best performer and gaining a whopping 43%. Surely, this has to do with the fact that Elon Musk finally saw his acquisition of Twitter finalized. On the first day, he went straight off to fire some top executives, including the CEO and the CFO.
This has become one of the most controversial acquisition deals, and you can take a look at our complete timeline here. Elon Musk has also shared some of his plans and vision for the company, hinting at a potential subscription-based model in the future.
Ethereum is also performing extremely well over the past seven days, up almost 20%. All of th...
|Bitcoin Surges To A 6 Weeks High While Crypto Market Cap Tops $1 Trillio...
Bitcoin price has remained around the $19K price for the previous few weeks, leaving crypto investors in a state of skepticism. The crypto market's downturn can be traced to the increase in interest rates and several other factors. However, experts predict that the token will still witness a big bull run.
Briefing On Bitcoin Price Movements
BTC has been devoid of any significant volatility. This price movement continued to rise when the token soared sharply. After that, the sudden bullish trend brought it to its mid-September high.
Since Bitcoin is the forerunner of all cryptocurrencies, several digital tokens like ADA, SOL, ETH, etc., also witnessed recent gains. The present look of the crypto market is pretty encouraging compared to its eyes in the last week. The sudden change in events pushed the overall market cap to $1 trillion.
In the past week, the world’s largest cryptocurrency had maintained short movements that appeared stagnant. However, at the time, it kept hovering around the $19K price levels.
However, there was a notable move to the $18,600 price mark briefly. Unfortunately, this didn't last, as the token returned to its raging price of $19K.
BTC Move To $21K Price Mark
At the dawn of Wednesday, there was a shift in the price movement of BTC. This was evident from its move to hit the $20K price mark.
Dating from 20 days back up to now, the crypto market has lost approximately $100 million in liquidation. This was due to the drop in the price of the leadi...
|Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours
Cardano (ADA), over the last seven days, managed to grow by 16% as it rallied together with majority of its fellow altcoins during this week's bullish run.
At press time, according to tracking from Coingecko, the digital asset is trading at $0.405. It increased its value by 6.4% for the past two weeks and has trimmed its 30-day losses to 9.2%.
Moreover, the digital currency managed to pump its overall valuation by over $1 billion as it now sits on a total market cap of $14.185 billion, ranking as 8th largest cryptocurrency in that department.
Last October 25, Cardano’s market capitalization was only at $12.35 billion.
Indeed, ADA is benefiting from this positive rally. As to until when this trend will continue, it’s still anyone’s guess.
Is It Good to Buy ADA Now? Bearish signal indicators narrowly outnumbered bullish ones, 17 to 16. Still, with this development, sentiment towards the asset is favoring the bears.
A deep dive at Cardano oscillators reveals a neutral score of 8. One was pointing towards the “buy” direction while two were headed to “sell” zone.
However, by law of moving averages (AM), the crypto managed to stay on the “buy” range, hinting that this might be a good time to start accumulating the altcoin.
After all, there are a number of positive developments that might favor those who are in possession of the digital currency.
For starters, the Cardano network recently implemented wallet upgrades on its syst...
|Bitcoin Soars to 6-Week High, Crypto Market Cap Taps $1T (Market Watch)
Following days of lack of almost any volatility, bitcoin finally went on a tear in the past 12 hours and skyrocketed to its highest price point since mid-September.
The altcoins are well in the green as well, with ETH surging to a new local peak and double-digit gains from ADA, SOL, and many more.
Bitcoin Skyrockets to $21K
It's safe to say that the past several days were quite calm and stagnant for the primary cryptocurrency. The asset spent most of last week trading in a tight range between $19,000 and $20,000 without being able to reclaim the latter.
The only notable fluctuation came at the end of the working week when it dipped to $18,600. However, it bounced off and calmed at $19,000 during the weekend on low trading volumes.
Monday and Tuesday were not all that different, but the landscape finally started to change late last night. BTC jumped to $20,000 for the first time in about 20 days, leaving over $100 million in liquidations.
Although it retraced slightly at first, the asset initiated another leg up minutes ago and skyrocketed to just under $21,000 for the first time since the mid-September crash. Nevertheless, Arthur Hayes had some warnings for the community not to get overly excited.
BTC's market cap has neared $400 billion once more, while its dominance over the alts has declined slightly to 39.7%.
BTCUSD. Source: TradingView
Altcoins With Massive Gains
The alternative coins were trading sideways as well for the past several days, but the situation today is ent...
|Binance and Paxos-Backed Stablecoin BUSD's Market Cap Climbs 22% in 2 Mo...
In mid-August, or 68 days ago, the market capitalization of the stablecoin BUSD was approximately $17.7 billion and since then, its grown 22.88% higher to today's $21.78 billion. BUSD's growth comes at a time when the market valuations of the top two stablecoins tether and usd coin have shed some excess weight.While Tether and Usd Coin Have Shed Billions, BUSD Climbs 22% Higher in Just Over 2 Months
Before the Terra stablecoin implosion, in mid-April 2022, the dollar-pegged economy looked a whole lot different than it does today. For instance, On April 11, Bitcoin.com News reported on the stablecoin market nearing the $200 billion mark for the first time in history.
That day on Monday, April 11, 2022, the stablecoin economy was worth approximately $190.1 billion, and today it's worth roughly $146.81 billion. The slide downward all started after Terra's UST depegging event in May, when Bitcoin.com News reported on the largest stablecoin asset tether (USDT) shedding $12 billion from its market cap.
In September, USDC started to see its market valuation deflate, losing $6.7 billion in 83 days. USDC's market cap has reduced even more so during the last month, as roughly 12.2% has been erased in 30 days. Moreover, a few of the smaller stablecoin markets have slid well below the $0.99 to $1 parity on a few occasions in 2022.
Binance's stablecoin issued in partnership with Paxos Trust Company, BUSD, has done the opposite, as the stablecoin has managed to increase by 22.88% or $4.05...
|USDC's Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binanc...
19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today's $44.93 billion. Statistics show that during the last three months, USDC's market valuation has dropped by more than 19%, shedding approximately $10.59 billion.USDC Sheds $3.89 Billion in 19 Days, $10.59 Billion in 3 Months
More than $10 billion worth of the stablecoin USDC has been erased from the project's market capitalization since July 7, 2022. Bitcoin.com News reported on USDC's market cap sliding much lower on September 28, 2022, or roughly 19 days ago. Metrics show usd coin (USDC), issued by the Centre consortium, is the fourth largest cryptocurrency today by market capitalization and the second largest stablecoin by market valuation, under tether (USDT).
USDC's market valuation actually rose after the Terra blockchain fiasco and UST depegging incident five months ago, while billions of tethers were removed from circulation at the time. After UST (now called Terrausdclassic USTC) imploded, usd coin's (USDC) market cap increased by 9%, while tether's (USDT) valuation dropped by more than $12 billion in two months' time. In more recent times, USDT's market cap is growing slowly as it increased by 0.6% during the last 30 days.
However, 30-day statistics show that USDC did the opposite as the stablecoin's market capitalization shed 10.6%, according to coingecko.com's top stablec...
|Total Crypto Market Cap Meltdown | TOTAL Analysis October 12, 2022
In this episode of NewsBTC's daily technical analysis videos, we are looking at the total cryptocurrency market cap with Bitcoin being so boring. We also compare past crypto winters to see when the deep freeze might end.
Take a look at the video below:
VIDEO: Total Crypto Market Cap Analysis (TOTAL): October 12, 2022
There isn’t all that much new to report. Bitcoin and other cryptocurrencies continue to move mostly sideways, as the market awaits the CPI data release tomorrow at 8:30AM ET.
Why Crypto Winter 2022 Resembles 2015 Bear Market
Much like Bitcoin, there is a slow moving showdown to gain control over daily momentum, according to the LMACD. On weekly timeframes, Bitcoin only just turned bullish last week, while the total crypto market cap has been bullish for several months now.
Comparing the LMACD across past bear market bottoms shows that the indicator is behaving more similarly to the 2014 and 2015 bear market bottom. In 2018 and 2019, price action turned up sharply instead and the indicator followed.
Sideways momentum could mean many more months of pain | Source: TOTAL on TradingView.com
Total Cryptocurrency Fractal Shows Possible Price Action Preview
The price action in each drawn box is eerily similar. Taking the bars pattern to place a fractal over current price action, the setup is practically the same. However, there is no telling if this is indeed the bottom in cryptocurrencies, nor does anyone know if the market will behave like the...
|Stablecoin Economy Continues to Deflate — USDC's Market Cap Shed $...
Just over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC's market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market capitalization, USDC has been above the $50 billion mark, but this week the crypto asset's market valuation is around $48.82 billion.Following Tether's Recent Stablecoin Reduction, USDC's Market Cap Drops 12%
In mid-June, Bitcoin.com News reported on the largest stablecoin asset tether (USDT), as USDT's saw more than $12 billion erased from the market cap in two months and at that same time, usd coin's (USDC) market cap rose by 9%.
However, USDC's market cap has shrunk a great deal during the last 83 days, as it has dropped by $6.7 billion since July 7, 2022. At the time of writing, at 4:15 p.m. (ET) on Wednesday afternoon, USDC's market valuation is $48.82 billion and on July 7, it was much higher at roughly $55.52 billion.
USDC's market cap today is under the $50 billion zone but for most of 2022, the stablecoin's market valuation remained above that region. On February 1, 2022, USDC captured the $50 billion mark, in terms of market capitalization, and it remained above that region until April 17.
After May 13, USDC once again reclaimed a market valuation above the $50 billion zone, and it remained that way for roughly 130 consecutive days. While USDC's market valuation shrunk by 12.05% during the last 83 days, ...
|This Week's NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Price...
Non-fungible token (NFT) sales this week dropped 10.88% lower than the week prior. Roughly $118.02 million worth of NFTs were sold this week compared to last week's $132.43 million. Further, the top two NFT collections with the largest market capitalizations shed significant value during the past seven days. While Bored Ape Yacht Club's market valuation lost 21.29%, Cryptopunks' market cap slid by 19.18%.NFT Sales and Prices Nosedive
NFTs had a lackluster week as sales and prices have followed in sync with falling crypto asset prices. Statistics show that a large number of NFT collections have lost considerable market value during the past week. For instance, metrics show that Bored Ape Yacht Club's (BAYC) floor value on September 13, 2022, was $114,388 and today, the floor value is around $90,026. BAYC's market valuation on September 13 was $1.14 billion and today it's down 21.29% to $900.25 million.
Data shows that the second most expensive NFT floor value belonged to Cryptopunks on September 13, and that's still the case today. However, the cheapest Cryptopunk last week was around $98,941, but today you can get one for $79,960. Cryptopunks' market cap has nosedived 19.18% lower during the past week. The same can be said for a majority of blue chip NFT collections like PROOF Collective, Mutant Ape Yacht Club (MAYC), Castaways, and Doodles.
Seven-day statistics show that the BAYC NFT collection is the compilation with this week's top sales, as $8,603,290 in trades were rec...
|When Will Crypto Winter Thaw Out? Total Crypto Market Cap (TOTAL) Septem...
In this episode of NewsBTC's daily technical analysis videos, we examine the total cryptocurrency market cap (TOTAL) following Ethereum Merge-related disappointments and sideways Bitcoin price action, and attempt to understand how long crypto winter might last.
Take a look at the video below:
VIDEO: Total Crypto Market Cap Analysis (TOTAL): September 20, 2022
Bitcoin price action continues to go mostly nowhere and Ethereum has pulled back due to Merge-related sell the news profit-taking, so in the video below we take look at these factors combined via the Total Crypto Market Cap chart.
When Will The Cryptocurrency Market Bottom And What Next? Sentiment, price action, and technical indicators all are behaving similarly to the 2018 bear market bottom. If no new lows are made, taking a bars pattern fractal from the bear market bottom and fitting it over the current price action could give some clues into what to expect.
Fitting the fractal perfectly involves increasing its size slightly, which results in a higher high if the similarities were to continue. The higher high would also occur at around the same trend line where the last double top formed.
Connecting resistance levels and support levels could create the structure of a rising wedge or in Elliott Wave terms, an ending diagonal. Ending diagonals form when an asset’s price has climbed far too much too fast.
Here is access to a FREE 1-hour course on how to spot an Elliott wave pattern on a p...
|Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides ...
Since the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.66% from $171.37 billion to today's $153.09 billion. During the last two months, the top stablecoins by market capitalization have seen little growth remaining at $153 billion since mid-July. For More Than 2 Months Stablecoin Market Caps Stagnate Seeing Little Growth
Following the significant climb since mid-2020, the stablecoin economy has seen growth slow during the last few months. In mid-April 2022, the stablecoin economy neared the $200 billion range for the first time in history, but following Terra's stablecoin fiasco, more than $35 billion disappeared from the stablecoin economy by May 13, 2022. On May 12, 2022, the stablecoin economy was 10.66% larger than it is today at $171.37 billion.
By July 7, the stablecoin economy was down to $154 billion, according to stats saved by archive.org via coingecko.com. The stablecoin economy has remained stagnant in terms of growth during the past 73 days. Tether (USDT), the largest stablecoin market cap, has grown slightly rising 0.7% during the past month, while usd coin (USDC) saw a 4.9% decline. Binance's stablecoin BUSD saw an 11.1% increase, while DAI, FRAX, and TUSD declined during the last 30 days.
Pax dollar (USDP) jumped 19.7% higher this past month, but neutrino usd (USDN) dipped by 9.5% lower. Besides BUSD and USDP, celo dollar (CUSD) was one of the only stablecoin market valuations that grew, as CUSD saw ...
|Crypto Market Cap Soars Above $1T: Bitcoin Taps 2-Week High
Bitcoin doubled down on its recent gains by surging to a new two-week high above $21,500.
Most altcoins are also in the green once again, with ATOM, XLM, and ICP standing out as the best performers.
Bitcoin Saw New Weekly High
The start of the month brought a lot of pain to the bulls as bitcoin fell below the coveted $20,000 and was unable to reclaim it. The situation worsened a few days ago when the cryptocurrency suddenly dumped to a six-week low of $18,500.
However, it reacted in a positive manner by jumping above $19,000 almost immediately. Friday came with more gains as BTC jumped above $20,000.
At this point, news emerged that MicroStrategy intends to allocate another $500 million for BTC purchases by selling some of its stocks. The asset reacted with another price increase and shot up to a two-week high just above $21,500.
As of now, it has retraced slightly but still stands north of $21,000. Its market capitalization has reclaimed $400 billion and its dominance over the altcoins has recovered some ground and now stands above 39%.
BTCUSD. Source: TradingView
Altcoins See Green Again
The altcoins outperformed BTC up until two days ago, evident from the bitcoin market dominance metric, but most are calmer now.
Ethereum went from a multi-week low beneath $1,500 to north of $1,700 in mere days. Perhaps fueled by hype from the upcoming Merge, the second-largest crypto is up by another 1% today.
BNB, Ripple, Polkadot, Dogecoin, and MATIC have seen similar daily gains. Cardan...
|Crypto Market Cap Slips Below $1 Trillion as Altcoins Bleed Out (Market ...
The total cryptocurrency market capitalization dropped below $1 trillion on Saturday as the majority of altcoins are bleeding out. Bitcoin also dropped below the coveted $20,000 as the bulls failed to produce any meaningful increases.
Bitcoin Below $20K
The primary cryptocurrency has failed to chart any notable increases in the past 24 hours and is down some 1.3%. The bulls attempted to push the price upwards on a few occasions but were unable to do so. Eventually, this allowed sellers to prevail and to once again push BTC below the coveted $20K level.
Source: Quantify Crypto
The last 24 hours saw about $28 million worth of BTC positions being liquidated, which is relatively insignificant, showing that the volatility has also dried off. At this time, ETH futures traders seem to be a lot more prevalent.
Altcoins Bleeding Out
The majority of alternative coins lost between 1% and 3% over the past 24 hours in a slow sideways decline which is very characteristic of bear markets.
Source: Quantify Crypto
ETH lost about 2.61% over the period, and that led to about $90 million worth of ETH positions being liquidated. The largest single liquidation order had a face value of $1.86 million, and it took place on OKEx.
Solana lost 1.5%, MATIC - 1.2%, Ethereum Classic - 1.42%, NEAR - 2.3%, and so forth. It appears that the biggest outlier over the past 24 hours is Filecoin, which is up almost 9%. On the other hand, Helium's HNT token is down 7.5% - the cryptocurrency that lost the most.
|TRON Volume And Market Cap Down Despite Social Media Hype
According to recent news reports, Tron (TRX) outperformed both Bitcoin and Ethereum in terms of energy efficiency.
TRX social dominance up
TRX price down by 2.97%
Future trends show TRX to plunge further
Compared to Bitcoin, Tron uses 99.9% less energy (just 162,868 kWh). Being a major issue in the most recent session, crypto mining has been welcome publicity for Tron.
The Tron DAO recently tweeted a link to a blog post where they provided an update on some of their on-chain metrics and informed their followers of the exciting development.
Apparently, the number of accounts added has increased, and that Tron's height has surpassed 43.61 million. Tron added over 971880 accounts this week, according to the blog post.
According to CoinMarketCap, TRX price has nosedived by 2.97% or trading at $0.06347 as of press time.
The TRON coin appears to be expanding quickly, as seen by a jump in transactions and TVL. Although there have been sporadic surges, its social dominance metric has remained stable.
TRX Down In Terms Of Market Cap, Volume
It's not all sunshine and roses for TRX, despite the fact that things are looking up on the social media front.
Since May, there has been a declining trend in both volume and market capitalization. In addition, Tron's volume metric has experienced extreme fluctuation.
The level of development activity has likewise dropped by an unheard-of amount. This might be a sign that the Tron technology is not likely to see many breakthroughs or sign...
|Crypto Market Cap Below $1T, Bitcoin Fights for $20K (Weekend Watch)
After yesterday's price plunge towards and beneath $20,000, bitcoin has stalled and struggles to remain above that coveted line.
The altcoins also suffered quite a bit at the start of the weekend, and most sit calmly now.
Bitcoin Fights for $20K
The previous week was particularly harmful to the primary cryptocurrency, which dumped by more than $4,000 in less than seven days to a monthly low of around $21,000.
It spent most of this past week around that level, trading sideways. The largest price fluctuation came on Thursday when the asset tried to reclaim $22,000 but was stopped in its tracks.
This led to more violent consequences, especially after Fed Chair Jerome Powell reiterated the central bank's stance on fighting inflation. In a matter of hours, BTC slumped by more than a grand.
The landscape worsened yesterday morning when bitcoin took another dive and dipped below $20,000 for the first time since the middle of July. Since then, it has been unable to recover more than a few hundred dollars and now sits just above that line, meaning that its market cap has remained stuck below $400 billion.
Cryptocurrency Market Overview. Source: Quantify Crypto
Altcoins Sit Tight
The alternative coins suffered just as badly as BTC, if not more, yesterday but have remained calm since then.
Ethereum slipped below $1,500 in the past 24 hours and still sits around that level. It's worth noting that the second-largest crypto had spiked above $1,700 just a few days ago, but there were severa...