Why do all cryptocurrencies rise and fall together
The Bitcoin market cap is currently 2,045.81 billion. We arrive at this figure by multiplying the price of 1 BTC and the circulating supply of Bitcoin pa online lottery. The Bitcoin price is currently $ 102,991 and its circulating supply is 19.86 million. If we multiply these two numbers, we arrive at a market cap of 2,045.81 billion.
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Crypto market capitalization or “crypto market cap” for short is a widely used metric that is commonly used to compare the relative size of different cryptocurrencies. On CoinCodex, market cap is the default metric by which we rank cryptocurrencies on our frontpage. We also track the total cryptocurrency market cap by adding together the market cap of all the cryptocurrencies listed on CoinCodex. The total market cap provides an estimate on whether the cryptocurrency market as a whole is growing or declining.
Value of all cryptocurrencies
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Cryptocurrency prices are affected by a variety of factors, including market supply and demand, news, and government regulations. For example, news about developments in a cryptocurrency’s underlying technology can affect its price, as can news about government regulations. Also, the supply and demand of a particular cryptocurrency can affect its price. Finally, market sentiment and investor confidence in a particular cryptocurrency can also play a role in its price. We cover sentiment and technical analysis for example you can check top coins : Bitcoin, Ethereum, XRP, Cardano, Dogecoin.
These crypto coins have their own blockchains which use proof of work mining or proof of stake in some form. They are listed with the largest coin by market capitalization first and then in descending order. To reorder the list, just click on one of the column headers, for example, 7d, and the list will be reordered to show the highest or lowest coins first.
Each of our coin data pages has a graph that shows both the current and historic price information for the coin or token. Normally, the graph starts at the launch of the asset, but it is possible to select specific to and from dates to customize the chart to your own needs. These charts and their information are free to visitors of our website. The most experienced and professional traders often choose to use the best crypto API on the market. Our API enables millions of calls to track current prices and to also investigate historic prices and is used by some of the largest crypto exchanges and financial institutions in the world. CoinMarketCap also provides data about the most successful traders for you to monitor. We also provide data about the latest trending cryptos and trending DEX pairs.
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Play-to-earn (P2E) games, also known as GameFi, has emerged as an extremely popular category in the crypto space. It combines non-fungible tokens (NFT), in-game crypto tokens, decentralized finance (DeFi) elements and sometimes even metaverse applications. Players have an opportunity to generate revenue by giving their time (and sometimes capital) and playing these games.
Why do all cryptocurrencies rise and fall together
However, the inverse is also true. When crypto markets are going down, it is typically because specific coins have lost market perception due to negative events, such as bad publicity, unethical behavior from project leaders, or security breaches.
One of the most common beginner questions regarding cryptocurrencies is, “Why does crypto go up and down?” This question is another way of asking how the value of cryptocurrencies is determined, and the answer is supply and demand.
First of all, cryptocurrencies are unregulated assets. That means that central authorities, such as banks and regulatory authorities can’t affect cryptocurrencies in the same way as they usually can with regular currencies and assets. See the stock market for instance – here, central authorities can regulate the price of assets with the purpose of stabilising the price. But that’s not a possibility with cryptocurrencies, as cryptocurrencies are decentralised currencies. Read more about the meaning of decentralised in our blog post “What is cryptocurrency?”.
Forks can also lead to uncertainty. When a blockchain splits into two versions, investors may hesitate, unsure of which version will gain traction. Bitcoin Cash, created from a bitcoin fork in 2017, saw initial volatility before stabilizing. Upcoming upgrades, like the Chang Hard Fork expected in 2024, are predicted to spark bullish trends based on historical patterns. These events demonstrate how technological changes can influence cryptocurrency prices both positively and negatively.
Cryptocurrency trading is done through Lunar Block. Lunar Block is not regulated by the Danish Financial Supervisory Authority (Finanstilsynet). That means you won’t have the same protection as when trading e.g. stocks or other regulated assets.