Cryptocurrency as a Market (Part 4/20) #DCXLearn #Cryptocurrency #Bitcoin

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gendegarcia
Published
DCX Learn bring the 4th edition in the education series on global cryptocurrency trading market.

Timelines
0:00:33-0:02:02 - Market share
0:02:11-0:02:27 - What is market capitalization
0:02:28-0:03:00 - Gold Market
0:03:01-0:03:58 - Forext trading market
0:03:02-0:04:37 - Bond market
0:04:46-0:05:54 - Cryptocurrency Market

What is the market size of cryptocurrency (as of Feb 2021)?

Bitcoin Market Cap
The total market cap of global cryptocurrencies is 1 Trillion US dollars. The global crypto market is Bitcoin dominant, since Bitcoin is the first and strongest use case of crypto currencies and the best proof of concept of a blockchain project till date. Bitcoin dominates the crypto market with a 60-70% dominance most of the time, currently at 65% with a market cap of 670 billion US dollars.

Altcoins and stablecoins
Ethereum is the second largest cryptocurrency by market cap just after Bitcoin at around 140 billion US dollars. The rest of the globally traded cryptocurrencies have a combined total market cap of more than 150+ billion US Dollars that include Stable Coins, all the Ethereum based tokens and other blockchain projects with a native cryptocurrency.

Since the cryptocurrency adoption is still in the initial stages, these figures are estimated to grow with influx new investors and traders.
Category
Crypto Trading
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