The Realized Market Cap of Bitcoin (BTC) Hits $100 Billion For First Time Ever
2019 is undoubtedly being a great year for Bitcoin (BTC) investors, as the largest crypto in the market is getting great results and moving way ahead of the altcoins. According to recent reports made by the crypto data aggregator Coinmetrics.io, Bitcoin’s recent bull run has made the token achieve the realized market cap of $100 billion USD for the first time in its existence.
As you may have already perceived, as prices are way off their all-time highs of $20,000 USD a piece, the realized market cap is a different way to measure the influence of the asset. Instead of using the normal methods, this one calculates the price of each BTC traded according to the size of each trade.
The number are so good because Bitcoin is seeing a great time right now. While prices are not hitting new highs (yet), volatility is down and prices are finally getting somewhat stable. This is good for investors who are running away from the turmoil of the traditional market during the U. S.-China trade war.
As it was recently reported, Bitcoin’s dominance would be 90% instead of around 70% if it was based on liquidity. Everybody is using Bitcoin but not a lot of people are using other assets at all.
This is creating a huge pressure on altcoins, as most of them are struggling to achieve higher prices and to keep their dominance. The only token that is really doing very well is Binance Coin (BNB), which has grown 44% more than Bitcoin since August 2018.