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Crypto market capitalization (crypto market cap for short) is a metric that measures the size and popularity of a cryptocurrency. Cryptocurrencies with high cap rank higher and have a larger share of the market. Cryptocurrency today The overall cryptocurrency market cap now stands at $1.04 trillion, and Bitcoin’s dominance rate is 48.2%.
No, thanks to the Bitcoin protocol, your bitcoin cannot be copied. The word ‘crypto’ in ‘cryptocurrency’ comes from the word ‘cryptography’, a technique that allows for secure communication, meaning that it is impossible to counterfeit bitcoin, unlike fiat. In fact, Bitcoin solves the issue of double-spending, a loophole in traditional digital cash that allows a user to spend the same amount of funds twice. Latest bitcoin price collapse comes amid crypto bank fears At present, the global crypto market capitalization is firmly standing at $ 1.08 trillion. Last time, the crypto market recorded smaller positive signs due to relief in macroeconomic activities which has led the cryptocurrency price to rally. The main reason was due to the Federal Reserve’s approach towards a hike in interest rates, rising trust towards decentralized finance after the banking fiasco in the U.S. or to avoid recession, or the cryptocurrency market got huge support from such factors and raised positive outlook for the rest of the year.
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