A new report predicts Tether could surpass Ether’s market cap by the end of next year, paving the way to mainstream adoption of stablecoins and central bank digital currencies (CBDCs). According to Bloomberg’s Crypto Outlook report for Q4 2020 written by Senior Commodity Strategist Mike McGlone, Tether (USDT) is likely to take the number two position by market capitalization from Ether (ETH) in 2021. The report cited the “stagnant market cap” of ETH, which currently stands at $43.2 billion but remained under $30 billion for most of 2019 and 2020, before getting a boost from DeFi in late July. USDT’s …

Crypto market data aggregator Glassnode has published data indicating that Bitcoin’s (BTC) realized capitalization has increased by more than 50% since tagging its all-time high of $20,000 at the end of 2017. The realized capitalization metric measures the value of each BTC when it was last moved on-chain, which enables analysts to estimate the aggregate cost-basis of market participants. However, coins on centralized exchanges are absent from the metric, indicating the data is probably more accurate in terms of the cost-basis of long-term investors rather than intra-day speculators. Bitcoin’s realized cap currently sits at $115 billion — $43 billion more …

While the crypto space has seen tremendous growth over the past decade, the asset class still holds a tiny amount of value compared to mainstream markets, especially when pitted against giants such as Apple. Apple stock (AAPL) holds a staggering $2 trillion market cap, dwarfing all the speculative capital held within the entire crypto space, which, at press time, totals a mere $342.8 billion according to CoinMarketCap. The crypto industry has grown from simply a concept in 2008, with the inception of Bitcoin's white paper, to hosting billions of invested dollars. Bitcoin itself went from less than $1 per coin, …

Tether (UDST), the world’s largest stablecoin by market capitalization, has again surpassed major altcoin XRP. On Sept. 1, Tether surpassed XRP as the third-largest cryptocurrency by market cap, becoming the second-largest altcoin after Ether (ETH). As of press time, USDT market cap accounts for more than $13.4 billion, according to data from crypto analytics website Coin360. XRP is now the fourth-largest coin by market cap at $13 billion. The latest movement in ranking is not new to the crypto market in 2020. Tether surpassed XRP as the third-largest crypto in May 2020. Both cryptocurrencies have significantly increased their market cap …

As Bitcoin gets more support from first-time investors, its market capitalization has risen past Bank of America’s market valuation, putting the leading cryptocurrency within striking distance of PayPal’s. According to AssetDash data at the time of writing, Bitcoin’s (BTC) current market cap sits just over $226 billion, having risen 3.2% in the last 24 hours. Meanwhile, Bank of America’s market cap has fallen more than 2% today to $224.4 billion. This bullish behavior from Bitcoin and slight drop in BoA means the analytics site ranks BTC as the 25th most valuable asset by market capitalization, just behind PayPal at $230 …

All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America's market valuation. Bitcoin's current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America's market cap holding slightly over $226 billion — a comparison introduced in a recent article from The Next Web. Bitcoin's market cap climbing in comparison Although it has endured its fair share of dramatic price fluctuations, Bitcoin's price has grown substantially in 2020, rising past several different wealth comparisons along the way. Back …

Amid a major bullish trend on cryptocurrency markets, Bitcoin’s (BTC) market capitalization is outstripping some major publicly traded companies like Intel and Coca-Cola. Following a bullish market in late July 2020, Bitcoin’s market cap saw a significant increase to cross a $200 billion threshold. As of press time, the market cap of the largest cryptocurrency accounts for more than $207 billion, down from a $222 billion intraday-high recorded earlier today, according to data from Coin360. As such, Bitcoin is currently worth more than shares of major global companies like Intel and Coca-Cola in terms of market capitalization. On July 31, …

USD Coin (USDC), a stablecoin project founded by Coinbase and Circle, has hit a major milestone in market capitalization. On July 3, 2020, USDC market cap broke the $1 billion threshold for the first time since the stablecoin was launched in October 2018. According to data from Coin360, the coin has seen sharp growth since March 2020. USDC, the second-largest USD-pegged stablecoin after Tether (USDT), is ranked the 17th largest cryptocurrency by market cap as of press time. USD Coin all-time chart. Source: Coin360 Announcing the news on Thursday, the Centre Consortium — an organization co-founded by Circle and Coinbase …

Jeff Bezos, CEO of online shopping giant Amazon, recently tapped record wealth levels, holding more personal wealth than all the speculative capital currently invested in crypto's largest asset — Bitcoin (BTC). “Amazon stock shares surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion,” Bloomberg said in a July 1 article. “That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.” Bezos’ deep pockets compared to Bitcoin At press time, Bitcoin holds a market cap of approximately $166.4 billion, according to Coin360 data, showing the value …

Tether’s USDT has just surpassed XRP in market capitalization, becoming the third-biggest cryptocurrency in the moments leading into the Bitcoin halving. Sitting with a market cap of $8.79 Billion, it is now bigger than XRP, whose market cap is roughly $8.6 billion. USDT is currently second only to Ether (ETH) as the largest altcoin in the cryptocurrency market. The market cap rise comes as a result of the constant increase in the supply of USDT, the majority of which circulates on the Ethereum blockchain. There have also been huge inflows of USDT into exchanges in recent weeks in the run-up …

CEO of capital management giant Morgan Creek, Mark Yusko, said he sees Bitcoin's (BTC) price shooting up by more than 1,000% as early as next year. If Bitcoin's market cap achieves the same value as that of gold, Bitcoin could logically see its price push past $100,000 at some point between 2021 and 2022, Yusko said in a May 6 interview with the Altcoin Buzz YouTube channel. Yusko added: "I actually believe that this transition will be the biggest wealth creation opportunity I'll probably see in my lifetime." The giant bubble popped As Bitcoin heads into its third block reward …

The U.S government recently unleashed a $2 trillion stimulus package to help Americans offset the economic impact of COVID-19. That figure is more than double the amount of all the speculative capital locked up in the entire cryptocurrency market during its 2018 peak. Cryptocurrency at large — Bitcoin, Ethereum, Litecoin, and everything else — collectively reached its all-time market cap high in January 2018, totaling $831 billion according to CoinMarketCap data. The U.S. stimulus bill in response to coronavirus is 240% larger by comparison. Righting the economic ship Over the last two months, the U.S. government evaluated a number of …