hello everybody,The total cryptocurrency market cap has achieved another historic milestone. Buttressed by a record-setting bitcoin price rally, the total crypto market cap has crossed the $300 billion threshold for the first time — making the combined capitalization of all cryptocurrencies more valuable than Bank of America.
This is really crazy.
It just shows how strong the crypto community is.
I would stay that this number really represent the actual market cap of crypto( as there is a large amount of bitcoins that are being counted "IN CIRCULATION" but are actually out of the circulation).
People are sometime mistakenly compare the market cap to the total worth, the fact that someone paid 9000$ for that last transaction in bitcoin, doesn't mean that if all the bitcoins in the world would be sold,they would have been sold for that last price.
There is not much liquidity in the market.