
Crypto market cap
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Bitcoin (BTC) is again under pressure as the leading cryptocurrency briefly sank to a four-week low of $22,408 on Thursday morning before climbing back to prices of around $22,715 by press time, according to CoinGecko. Bitcoin price news While market cap can seem like a huge and intimidating number, this can be mitigated by breaking it down into smaller parts, and seeing which crypto coins & tokens possess the highest total crypto market capitalization stats.
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Since the start of this year, Bitcoin’s price movement has closely mirrored that of the Nasdaq, a benchmark that’s heavily weighted toward technology stocks, according to an analysis by the data firm Arcane Research. That means that as Bitcoin’s price dropped more than 25 percent over the last month, to under $28,000 on Thursday — less than half its November peak — the plunge came in near lock step with a broader collapse of tech stocks as investors grappled with higher interest rates and the war in Ukraine. How can I find low market cap cryptocurrencies? This advertisement contains information and materials provided by Robinhood Financial LLC, Robinhood Securities LLC and its affiliates (“Robinhood”) and Publisher, a third party not affiliated with Robinhood. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Securities offered through Robinhood Financial LLC, a member of FINRA and SIPC and a wholly-owned subsidiary of Robinhood Markets, Inc. Cryptocurrency trading offered through Robinhood Crypto LLC. Robinhood Crypto and Publisher are not a members of FINRA or SIPC and cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC insurance.
Why does market cap matter?
The Justice Department announces the launch of the National Cryptocurrency Enforcement Team (NCET) 8 Best High-Yield REITs to Buy While Bitcoin has seen a 9% jump in price in the last 7 days, the price of Avalanche (AVAX) has surged by 32% in a week. AVAX is currently ranked 10th in terms of market capitalisation.