Bitcoin value plummets, losing as much as 41% of its value in a

What is the value of Bitcoin today?

Bitcoin Exchanges / October 13, 2022

The value of a single bitcoin has skyrocketed this year, and hit $874 today (Dec. 22). It’s not the highest price ever for bitcoin, which traded at $1, 165 in November 2013. But with the 2016 rally, the cryptocurrency has achieved a different but related milestone: The value of all bitcoin in circulation is now at an all-time high.

This measure is generally referred to as “market capitalization” by crypto traders. It’s derived from the amount of bitcoin mined to date and the current price. It provides a measure that functions roughly like a publicly traded company’s market cap—a gauge of how the market values the entire enterprise.

All the bitcoin in circulation is now valued at about $14 billion, compared to Twitter’s market cap of $12 billion, as Union Square Ventures associate Joel Monegro pointed out:

Bitcoin market cap > Twitter market cap

— Joel Monegro (@jmonegro)

Bitcoin’s current market cap is just above its previous all-time high of $13.9 billion, achieved on Nov. 30, 2013. At the time, there were about 12 million bitcoins in circulation. Today, that number has grown to more than 16 million coins.

Some bitcoin watchers, like South African entrepreneur and venture capitalist Vinny Lingham, have argued that market cap can be a more useful measure of bitcoin’s value than the price per coin, since the total number of coins increases constantly. He observes that the price of a bitcoin is not adjusted for the total supply of coins in circulation, unlike a stock split of a publicly traded company.

The supply of coins grows steadily because of the way bitcoin is programmed. Each miner introduces new coins to the supply at a rate of 12.5 coins roughly every 10 minutes. This adds up to over 1, 700 new bitcoins per day. The total supply of bitcoins is capped at 21 million.

As always with bitcoin, its price movements remain something of a mystery. Market analysts, like Charles Hayter of cryptocurrency metrics site CryptoCompare, point to macroeconomic uncertainty, driven by Trump’s cabinet appointments; the impact of Brexit; and China’s yuan devaluation as contributing factors. India and Venezuela’s crackdown on some forms of cash has also seen bitcoin volumes in those markets soar. And bitcoin’s use as a low-cost remittance channel is rapidly gaining traction in major remittance markets like the Philippines.

What does shrewd mean? What does oder mean? What does reinstatement mean? How to treat athlete's foot? What are standard size garage doors? What does pwn mean? What does the distance between two white horizontal lines on this graph represent? What is the meaning of galapong? How to convert mp4 to mp3? What does aniki mean? How to summon a blue axolotl in minecraft? How to get wax off skin? How to tell if a girl likes you? What are signs of your dog dying? What is the meaning of akira? How to find radius of a circle? What does black truffle taste like? Tips for when you live paycheck to.paychrck? What do lol mean? What tricks do commercials use to persuade customers? What does full stack developer mean? How to make a replacement for earbud tips? What zodiac season are we in? How to get urine smell out of clothes? What does blue smoke from exhaust mean? How to stay motivated to workout? Tips on how to play sona better? What is a baby horse called? What car does dean drive in supernatural? How to get rid of bloated stomach? What does elohim mean? How to grow orchids indoors tips? How to win on slot machines tips? Css tricks: change color when hover css? How to light a gas fireplace? What does perfunctory mean? What does exercise options mean? How do you two tone your hair dark brown and the tips a blonde? How to play happy birthday on the piano? How to know if you have ibs? How to use internet safety tips? What is the meaning of peace through strength? How to play d&d? What is the meaning of ara ara in anime? How to overcome depression? How to make people like you? What are some healthy foods? What is cottage cheese? How to prevent ear crystals? What does a purple heart emoji mean? Who carry red tips shrub in commerce? What is the meaning of lecithin? What does being bisexual mean? What does cetirizine do? How long to grill chicken thighs? What does uv index mean? How to unmute iphone? How to watch the oscars? How to roast eggplant? How to install python? How to harvest asparagus? The youtuber named tricks when he's in college in minecraft? How to make chicharrones? Free tips on how to get a bigger penis? What are funyuns made of? What does the prefix de mean? What does convection mean? How long to cook baked potato? How to know if you have low iron? What does orange snot mean? How to calculate gpa college? How to keep mice out of your house? What is the meaning of yeshua in hebrew? What does ray mean? How to make a gc on snap? How to make a locator map in minecraft? What is meaning of mining bitcoin? Domino tricks how many doubles? What is graduate school? What does a herion high feel like? What are q tips actually for? What does reprehensible mean? What does nezuko mean? What is the meaning of a black diamond engagement ring? What does the iphone 14 look like? How to disable health tips on note 9? What is valentine's day meaning for kids? What is lymphocytes in blood test? Postmates when do i get tips? What is agape love meaning? How to cut crown molding corners? What does fruity mean? What is the meaning of 814? How to cook sausage? What does 🤙 mean in slang? Use theae tricks when booking a hotle room chive? How to prevent kidney failure? What is the meaning of hdi? What does toner do for skin? What is hydrolysis? What is domicile mean? How to draw tips step by step? How to edit a pdf file? What does mamma mia mean? What are the cool colors? How to respond to how are you? What does shoe width d mean? What is the meaning of goal setting? How to get my voice back? How to test for fentanyl? What is the meaning of the word adolescence? How to disable google assistant? What is the meaning of oestrogen? What does nmms mean? How to turn a pdf into a jpeg? What does 234 mean? When youve had a bad day and something tips you over the edge? What is carprofen for dogs? How long to smoke a turkey at 225? How to cuff jeans? What is the meaning of klm airlines? How do the allusions in this excerpt reinforce the meaning of the passage? What are the macronutrients? What time does church start? What is studio apartment meaning? What is the spiritual meaning of a willow tree? What does lolita mean? How short can you invest in a tips investing fund? What does awaiting mean? What to do if blood pressure is too low? How to get rid of gnats inside the house? What does goober mean? What is the meaning of synergy? How to do a podcast? What are the months in order? How to stop hot flashes fast? What does per diem mean for a job? What does mojo mean? Comply tips where to buy? How to stop smoke alarm from chirping? What does body count mean? What is the meaning of brown butterfly? As owner of restaurant how do i handle tips paid to me? How to declare tips starbucks? How much money do you need to make file taxes? How to draw chibi? For honor tips on how to make a good emblem? How to spray paint metal? Tips on how to run long distance? How to draw a phone? How to add a room to a house cheap? What time does big 5 open? What is the meaning of virtuous woman? What is the meaning of pons? What have you been up to meaning in urdu? How to unlock si joint by yourself? How much to rent an rv? Tips on how to sing like a pro? What does tm mean in a text? How to do tricks with parrot night drone? What is the meaning of culpable? What is the meaning of bitter herbs in the bible? What is the meaning of fist? How to spoiler on discord? What does arousal feel like for a woman? What is the spiritual meaning of a buzzard? How has it been going meaning? What does h+ mean on phone? How do mentalists do tricks think of person? What does hry mean? What does reverence mean? What does buca di beppo mean? What does chest pain mean? How to anal? How can earlier tips morning person? Tips how to trade options? Tips on how to get an apartment? What does it mean to float a horse's teeth? What does impingement mean? What ages are millennials? Where to buy pme decorating tips? What alcohol is in truly? What is a fable? What does sabrina mean? Which word provides the best clue to the meaning of apparent? What does vagabond mean? What the meaning of the easter bunny? How to treat psoriasis? What companies does nestle own? How to get poop out? Start where you stand berton braley meaning? What does n/a mean? How to report big tricks on streets they shouldnt be? What does it mean when you sneeze? What does it mean to see an owl? How to get rid of worms in humans? How much does it cost to freeze sperm? Some tips on how to get your 6 year old cousin a girlfriend? What does accosting mean? How to find frequency of a wave? How to make brownies from scratch? How to find yourself? Who taught you how to hate meaning? When someone tricks you to think they are wearing a condom? What does no quarter given mean? What does inconclusive covid test mean? What is the meaning of rafia? What does 911 mean in the bible? What does solar mean? What is the meaning of conforming? What does the name noah mean? How to get tips from doordash through dailypay? Why did the chicken cross the road meaning death? Interview tips when you have lots of job changes? How to majac tricks? How to treat parvo? What time does chase close today? What are the two parts of the us congress? What does tuberculosis do? How to shower with a new tattoo? What does bin mean? Why are the tips of my acrylic nails turning brown? What does not limited to mean? How to take airpod pro tips off? Tips of how to shop for film camera at goodwill? What does a smiley face mean on snapchat? When is tips bond interest taxable? What is debt mutual funds meaning? Tricks on how to win fantacy 5? What does opium look like? Whose lines bespoke repression meaning? What is amphetamines? What does fugitive mean? What does goodwill do? How-to? Tips on how to study for the exam certification florida special education? Understanding how people learn, tricks to keep people engaged while training? How to make holy water? How long to cook turkey tips on stove? What does yandere mean? What does idgi mean? How many career hat tricks messi? How long for sunburn to heal? How to move out of state? What does wedlock mean? What is the meaning of flotus? How to add money to chime card? What is the meaning of cash basis accounting? What does madrigal mean? How do i get my sciatic nerve to stop hurting? What does crucible mean? How to stoneblock 2 tricks? How to make dinosaur in little alchemy? Why was luke fired linus tech tips? How to delete kik account? How to record phone calls on iphone? How to make an nft art? How long to cook chicken nuggets in air fryer? What does panacea mean? What does arctic mean? What does nfts mean? Tips how to rental speakers for a party? How to poke on facebook? How to sleep on a plane? What kind of tricks can a glider do? How to make a paper airplane that does tricks easy? How to make human in little alchemy? Which statement below correctly describes how to manage span of control using the modular concept?