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Author Topic: BREAKING - Market Cap hits $1 Trillion  (Read 271 times)
passwordnow
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January 07, 2021, 10:35:47 AM
 #21

There's a big discrepancy on coingecko and coinmarketcap's total for the market cap of the crypto market. On coingecko, just now it is $997B while in cmc it's now, $986B. As bitcoin continues to pump, what's better view is to see bitcoin starts to step into a trillion dollar market cap. And that would be the start of everything that we're hoping for during the past years of many lows for bitcoin.

People are going crazy!

Now it's on Coinmarketcap too:

Cryptocurrencies:  8,198Markets:  34,158Market Cap:  $1,005,731,705,18624h Vol:  $164,518,542,098BTC Dominance:  68.5%

If this FOMO continues, we could see a $50K Bitcoin within just a couple of days!
Yes! We all witnessed a historical trillion market cap for crypto. It is a wild ride and it's still unbelievable to see this and I'm very much happy to see that we're all still here despite many times the market has been plunging and stressing because of the downfalls that it had showed. Bitcoin dominance decreases but it's price is still continuing. $50k is just the corner but I'm now targeting more than that price. We all want to see $100k very soon.

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January 07, 2021, 12:12:06 PM
 #22

It must be a milestone for the entire industry. And notable fact is that 70% of the crypto market cap belongs to Bitcoin.

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January 07, 2021, 01:06:16 PM
 #23

Good news for all of us, this is how big crypto is, and the good thing now is that big portion of the marketcap are from legit coins. Bitcoin still lead at 68% dominance. Can't remember if we reach $1 trillion last bull run, but I think we were just close, please correct me if I'm wrong.

Anyway, I hope the rise will still continue, but let's also be open for a big and long correction to come.

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January 07, 2021, 01:10:16 PM
 #24

This is really something unexpected with bitcoin market in my opinion. The bitcoin market now is so high at the moment and in this case bitcoin could possibly reach 40K$ or more than that as it is possible. I do not really know how market was being dictated by its market price except for that it all depend on those who buy more bitcoins and add it up to the market.
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January 07, 2021, 07:26:18 PM
 #25

A great milestone for the entire market, we were close to this magical figures in the last rally when the bitcoin touched its all time high valuation but it fell short at around $800 billion but this rally was a bit early than the rest of the time and the valuation of bitcoin touched $40k which is double the valuation than the all time high bitcoin hit last time and still looking strong to move higher.
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January 09, 2021, 03:50:42 AM
 #26

Yes! We all witnessed a historical trillion market cap for crypto. It is a wild ride and it's still unbelievable to see this and I'm very much happy to see that we're all still here despite many times the market has been plunging and stressing because of the downfalls that it had showed. Bitcoin dominance decreases but it's price is still continuing. $50k is just the corner but I'm now targeting more than that price. We all want to see $100k very soon.

Bitcoin dominance is decreasing? According to whom? The last time I checked, the Bitcoin market dominance was measured at 68.7%, which makes it far ahead of any other altcoin. In fact the Bitcoin market share is almost two and half times that of all the altcoins combined. The next major target is $50,000 per coin, and I don't expect a correction before that.
It has decreased somehow and as you've said it was on 68.7%. Because a few days ago it was 70%+ and now it's back to that percentage. Which means that the dominance is getting back again and increasing. If you don't think that a correction won't happen before that. We've been experiencing it whenever it crosses to a new ATH. From $40k and it dropped to $37k and then again, it's happening. We'll get to see more of the corrections for it to start crossing $50k soon.

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January 09, 2021, 04:06:46 AM
 #27

It has decreased somehow and as you've said it was on 68.7%. Because a few days ago it was 70%+ and now it's back to that percentage. Which means that the dominance is getting back again and increasing. If you don't think that a correction won't happen before that. We've been experiencing it whenever it crosses to a new ATH. From $40k and it dropped to $37k and then again, it's happening. We'll get to see more of the corrections for it to start crossing $50k soon.

The Bitcoin dominance is 70.0% right now, and previously it had stayed above the 70% level only for a short time. But the overall trend points to increasing market share by BTC, and it has occurred despite a slight recovery in the XRP prices. When the rally started some three months back, the figure was 58%. It has been continuously increasing even since, and for the next few weeks also we can expect the trends to continue.

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