The Bitcoin network has reached a new milestone. Never in the past, the value for the realized market capitalization was so high. This to Bitcoin (BTC) with a market dominance of over 90 percent. In addition, the Altcoins continue to be under pressure.
From Stefan Schäfges
On the 27. August 2019BTC$10.272,94 -0.73%part Facebook Twitter LinkedIn xing mail
According to the crypto-analysis website Coinmetrics.io reached a Bitcoin on 25. August, when the realised market capitalisation to a new record value. The realized market capitalisation is an alternative indicator of the value of the classic market capitalisation. It is calculated from the multiplication of the least traded Coin price with the amount of the traded Coins.
Bitcoin breaks the barrier of 100 billion US-Dollar
Bitcoin has broken through in the realised market capitalization, the limit of 100 billion US dollars. It is the first Time in history that this hurdle has been taken.
The new record is another top value for BTC, after this, made already by the recent all-time high of Hash Rate and daily volume of trading in the headlines.
The BitGold-inventor and crypto-pioneer, Nick Szabo tweeted that the record value of the realised market values of capitalization with one of the lowest Volatility since 2012, goes hand in hand, and added in a further Tweet:
The long-term chart reflects the superior deep security, the global Seamlessly and the monetary stability of Bitcoin.
In January BTC was reported by the ECHO about Nick Szabo. Already at that time he had supported his bullish attitude towards Bitcoin, he said:
Bitcoin could survive a nuclear war.
What about the Altcoins?
According to Coinmarketcap, the dominance of BTC is compared to the rest of the Altcoins currently at 68.9 percent. Forbes had, in a press release dated 22. August reported that, based on the realized market capitalization, the dominance of BTC over 90 percent should be.
most of The big Altcoins like Bitcoin, Cash (BCH), Stellar (XLM), Zcash (ZEC) and Ether (ETH) had to lose this year compared to BTC. Only Binance Coin (BNB), the internal Token of the eponymous stock exchange, outperformed since 2018, with 44 percent of BTC.
The Trader Peter Brandt said in June in a Tweet that Altcoin-could owners be disappointed if they expect the next Altcoin-Bull-Run. In addition, he compares the Situation with the Dotcom bubble in 2001/2002. Compared to Bitcoin, Brandt represents a bullish attitude and sees in Bitcoin a market like no other.
More:
Bitcoin-Report-August 2019 – A view on Bitcoin and its Forks Bitcoin and classic markets: Analog Gold digital Gold, Bitcoin strikes in the fight against Inflation: Venezuelan Department store chain Traki want BTC capitalisation to accept#Bitcoin#market capital
