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Bitcoin Market Cap Breaks $1 Trillion As BTC Price Surges Again

Bitcoin neared its all-time high price once again this week and its market cap returned to the major milestone of $1 trillion.The bitcoin price surged this week, reaching the $58,000 level yesterday for the second time in its history. But, even more remarkable than that price high, was the milestone eclipsed once again in its total market capitalization: $1 trillion.The bitcoin market cap is the measure of the total value of all of its supply — the USD price of a single bitcoin multiplied by the total number of bitcoin in existence. With 18,651,861 BTC released and each bitcoin priced at more than $57,000 at the time of this writing, per Clark Moody Bitcoin, the total market cap is now more than $1.06 trillion. The market cap first broke $1 trillion on February 19, per CNBC, and bitcoin hit its all-time high price of $58,355 on February 21, according to Clark Moody. The fact that it is hovering around this price level once again just a few weeks later could indicate that new all-time highs are on the horizon. Though the USD price of a single BTC is often the metric that gets more attention, bitcoin’s market cap can be more informative as a measure of the network’s value. The market cap more directly accounts for the amount of bitcoin that has been mined from its hard-capped total of 21 million. It can also be a helpful way of comparing bitcoin to other asset markets or corporations.As the BTC price and market cap continue to rise on …
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Price analysis 3/12: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, BCH

Bitcoin bulls are attempting to push BTC price back toward $58,000 but data shows altcoins may be losing their bullish momentum. Bitcoin (BTC) missed hitting a new all-time high on March 11 by just a whisker as Oracle Corporation denied…
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Nassim Taleb, Bitcoin And The Law Of Large Numbers

Speculation that bitcoin will become a widely-used global currency seems to be a better bet now than ever before.Nassim Taleb, famous for writing “The Black Swan,” and equally for his mathematical work in trading, was once a Bitcoiner. Recently, he…