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Crypto's total market capitalization eclipsed $1 trillion early Wednesday for the first time since early November.
That caused a significant decline in XRP's market capitalization and created chaos on the markets. [2] [3] According to Bloomberg, in November 2019, Coinmarketcap introduced a Liquidity metric designed to combat fake trading volume. [4] In April 2020, Binance, a cryptocurrency exchange, acquired Coinmarketcap for an undisclosed amount.
This week, investors digested bitcoin's rally above $100,000, Intel's leadership shakeup, and monthly jobs data that keeps the Fed on track to cut interest rates.
The market capitalization of a cryptocurrency is calculated by multiplying the price by the number of coins in circulation. The total cryptocurrency market cap has historically been dominated by bitcoin accounting for at least 50% of the market cap value where altcoins have increased and decreased in market cap value in relation to bitcoin.
According to data provided by S&P Global Market Intelligence, Tron (CRYPTO: TRX) is up 56% over the past week, XRP (CRYPTO: XRP) has jumped 37%, and Hedera (CRYPTO: HBAR) is up 73% -- and there ...
On 14 April, Coinbase, a much hyped crypto exchange, went public on the NASDAQ. Their shares grew by over 31% on their first day to $328.28, pushing their market cap to $85.8B. [36] Other cryptocurrencies' prices also sharply rose, then followed by losses of value during this period.
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