According to Cointelegraph, Bitcoin surpassed another milestone this week. Because the data revealed the degree of new losses of altcoins in
According to the data source Coinmetrics.io announced on August 25th, the so-called realized market value is one of the last indicators to give bullish signals for Bitcoin…
Bitcoin Market value
The “realized market value olan, an alternative calculation of Bitcoin’s market value , marks a higher level than ever in the history of the crypto currency.
According to the statement, the size of each transaction multiplied by the price of each last traded Bitcoin value calculated on Sunday exceeded 100 billion dollars.
This is another achievement of the leading crypto currency, which has recently broken records in areas such as hash rates and daily trading volumes .
As cryptography pioneer Nick Szabo noted, “realized market value” progress is at the same level as some of the lowest volatilities seen in the Bitcoin network since 2012. “Long-term charts reflect high-level security, global uninterruptedness and Bitcoin’s financial stability, Sz Szabo said on Monday .
On the other hand , as we have shared with you in this news recently , a report published by Forbes stated that Bitcoin’s actual market dominance could be over 90%.
Only BNB Rejoices
Due to the good developments in Bitcoin, the pressure on altcoins is increasing day by day. According to recent data, almost all of the major subcoins suffered major losses this year against Bitcoin.
While Bitcoin Cash (BCH), Zcash (ZEC), Stellar (XLM) and Ethereum (ETH) experienced the biggest downturns against Bitcoin, Binance Coin (BNB) was the only crypto currency that was favored by investors. Since August 2018, BNB has grown approximately 44% against Bitcoin