Despite the difficulties of Bitcoin to cross the $ 30,000 mark: realized capitalization is approaching the $ 400 billion mark
Despite the difficulties of Bitcoin to cross the $ 30,000 mark: realized capitalization is approaching the $ 400 billion mark
The cryptocurrency assets Bitcoin has had to deal with some challenges in the past few months. He could not exceed the $ 30,000 mark. Nevertheless, according to the data analysis company Glassnode, there are positive signals for the market. Glassnode reported today that Bitcoin's "realized capitalization" has constant growth and approaches the 400 billion dollar brand.
The realized upper limit of Bitcoin represents the total value of all BTC at the price, to which they were last moved or traded, and indicates the cost base of the owner. If this key figure increases, this means that Bitcoin is traded at higher prices and demand increases. According to Glassnode, Bitcoin's rising upper limit shows that, despite the price fluctuations in 2023, new capital is continuously in the market. This signals a stable investment climate around Bitcoin.
In addition, the rising realized upper limit of Bitcoin also indicates a wider trend on the cryptocurrency market. According to Glassnode, she underlines the growing demand for Bitcoin and shows that coins change owners at higher net prices.
It is interesting to know that this increased demand for Bitcoin comes at a time when the asset may have raised hope of upward movements. The number of Spot-Bitcoin ETF applications has risen sharply and financial giants like Blackrock have joined the largest asset after market capitalization.
Although the realized upper limit of Bitcoin in the $ 400-billion mark is approaching, the asset had difficulty exceeding the $ 30,000 mark. In the last 24 hours, the BTC Prize was traded over and below the $ 30,000 mark, which indicates consolidation.
The Bitcoin price is currently around $ 29,882. It has dropped by 1% in the last 24 hours. This price movement follows a quick climb that was observed in mid -July. However, more than $ 30 billion has been deducted from the BTC market capitalization since then. The market capitalization of the financial value is currently $ 583 billion.
Despite some uncertainties, the rising realized upper limit of Bitcoin remains a positive signal for the cryptocurrency market. It shows that despite the current difficulties, investors continue to put capital into the asset. The coming weeks will show whether Bitcoin can sustainably exceed the $ 30,000 mark or which developments can be expected on the market.