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Bitcoin Forum > Alternate cryptocurrencies > Marketplace (Altcoins) > Service Discussion (Altcoins) > How is coinmarketcap and cryptocompare determining Bitcoin price?
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Author Topic: How is coinmarketcap and cryptocompare determining Bitcoin price?  (Read 160 times)
CryptoAlphaStar (OP)
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December 06, 2017, 11:14:57 AM
 #1
Price is never the same on both sites. At this moment CMC shows Bitcoin at $13,200 and Cryptocompare shows Bitcoin at 12,600$.
Obviously they use different methodology for determining the price. Does anyone know what that methodology is?
alex_rada
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December 06, 2017, 11:19:16 AM
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This is taken from coinmarketcap.com FAQ page:

Quote
How are the prices calculated for the various cryptocurrencies?

Price is calculated by taking the volume weighted average of all prices reported at each market. Sources for the prices can be found on the markets section on each cryptocurrency page.
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