Bitcoin's Realized Market Cap Surges Past $60 Billion Post Halving
CryptoNewsTerminal Staff04 Jun, 2024
Bitcoin's Realized Market Cap Surges Past $60 Billion Post Halving
Bitcoin's realized market capitalization has continued its upward trend since the halving in April, surpassing $60 billion, according to data from Glassnode. This indicates increased investor confidence in BTC. Realized market capitalization is a metric that calculates market capitalization based on the price at which an asset was last transferred. This excludes purely speculative transactions that occur off-chain. The increase in realized market capitalization suggests that investors are becoming more confident in Bitcoin's long-term prospects. This is likely due to several factors, including the halving, which reduces the supply of new Bitcoins entering the market, and the increasing institutional adoption of Bitcoin.
