The realized market cap of Bitcoin, which accounts for the price at the last activity, rose by $43 billion (+60%) from the 2017-2018 levels. According to Glassnode, the current value of the metric stands at $115 billion.
#Bitcoin Realized Cap at ATH.
Since $BTC hit $20k in 2017, Realized Cap has grown by $43B to currently $115B – an increase of 60%.
Realized Cap values each coin at the time they last moved, and serves as an estimate for investors’ aggregate cost basis.https://t.co/VPF1NecxWd pic.twitter.com/rA0sYXHl4k
— glassnode (@glassnode) September 23, 2020
Since December 2017, when Bitcoin’s price rose to an all-time high of $20,000, realized market cap has retraced several times. The last major drop — from $106 billion to $101 billion — occurred in March–April 2020.
Growth resumed in May. In total, since the 2017-2018 bull run, realized market cap has risen by $43 billion.
Source: Glassnode.
According to данным IntoTheBlock, at the time of publication 75% of Bitcoin holders were in the green. The most investment has been made in price ranges from $1,063 to $5,366 and from $8,503 to $9,637.
Source: IntoTheBlock.
Ethereum’s realized market cap remains far from its previous highs. The metric sits at $27 billion, which is $8 billion below the 2018 record.
Source: Glassnode.
Earlier Bloomberg Intelligence analyst Mike McGlone expressed confidence that Bitcoin is substantially undervalued and its fair value is no less than $15,000.
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