Crypto Asset Capitalization Reaches IDR 28,000 Trillion

Rancakmedia.com – Crypto asset capitalization surpasses IDR 28,000 trillion, held by Bitcoin and the overall cryptocurrency market capitalization passes $ 2 trillion, or rupees 28,000 trillion (change value 14,000 rupees) for the first time in history.

Based on Bloomberg info, Tuesday (June 4 2021), the market capitalization value has doubled in just 2 months due to increased demand from industrial actors. The increase in the market capitalization of crypto assets is held by Bitcoin.

Based on a CoinGecko search of 6,600 coins, Bitcoin's market cap is currently over $ 1 trillion. Bitcoin Price be 2x in 2021 and within $ 58,858.

The other five cryptocurrencies namely Ether, Binance Coin, Polkadot, Tether and Cardano have collectively reached a value of 422 billion US dollars. Bitcoin currently has the upper hand as institutional investors enter the crypto market to increase their cash holdings amidst the trend of low interest rates in financial markets.

Crypto Asset Capitalization

Tesla, a manufacturer of electronic vehicles, initially invested $ 1 billion in cryptocurrency in bitcoins. The company has accepted payments to buy its products using Bitcoin. In addition, Morgan Stanley has begun graduating some of their wealthiest clients to add crypto tokens to their investment portfolio.

On the other hand, some payment service providers such as Mastercard and PayPal initiated several steps to use Bitcoin in their payments ecosystem.

It should be noted that the Bitcoin price increased on Monday (6/4/2021) due to Grayscale Bitcoin Trust, the largest institutional cryptocurrency company, announced that it will convert the Bitcoin funds it says have been traded until now.

In Exchange or Exchange Traded Fund (ETFs). Altogether, Grayscale currently has $ of 34 billion Bitcoin funds. Initially, Coinbase Global, one of the largest cryptocurrency trading bases in the United States, announced it would start trading its assets this month.

The 5 other cryptocurrencies namely Ether, Binance Coin, Polkadot, Tether and Cardano when combined reach a value of 422 billion US dollars. Bitcoin has the upper hand as institutional investors enter the crypto market to increase their cash holdings amidst the trend of low interest rates in financial markets.

The company that makes electronic vehicles, Tesla, has already invested S 1 billion in cryptocurrency in bitcoin. This company already accepts payments for purchasing their products using Bitcoin.

FAQ

Below are the questions and answers that we have collected for all of you, please read the reviews as follows:

What is Crypto Asset Capitalization?

What is Crypto Market Capitalization? Crypto market cap is a metric used as a reference to measure the value of an asset in the market. Market capitalization or market capitalization is used to calculate and measure the value of digital assets, be they cryptocurrencies or stocks.

What Happens When Bitcoins Run Out?

When the last bitcoin has been mined and there are no more new bitcoins, the bitcoin mining process is complete. Even if the supply of bitcoins runs out, bitcoin miners can still profit from bitcoins. Because bitcoin transactions that occur on the blockchain network require a series of verifications.

How to Calculate Market Capitalization?

Capitalization stock market measures a security's value relative to other securities. It is usually calculated by multiplying the number of shares outstanding by the current share price.

Conclusion

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