Bitcoin hit an all-time high of around $126,000 on Oct. 6, after rising 33% in 2025. But the world’s largest cryptocurrency by market value has since tanked — down roughly 14% by the end of October, down 17% in November, and down another 7% on Dec. 1, although it erased that most recent loss the next day. Northeastern University cryptocurrency experts Ravi Sarathy and Alper Koparan said many macroeconomic factors — as well as the inherent volatility of bitcoin and other cryptocurrencies — are contributing to the recent wide swings in valuation. Among its negative impacts, the rise of crypto has spurred ransomware attacks and consumed excessive energy. Bitcoin slid 5.6% after being down nearly 12% earlier in the day, settling in just above $85,000. The most-traded cryptocurrency is down about 33% since hitting a record $126,210.50 on Oct. 6, according to crypto trading platform Coinbase.
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- Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.
- Popular examples for Bitcoin include BTC-AUD, BTC-CAD, BTC-GBP, BTC-INR, and more.
- Instead, the CFTC chose regulation by enforcement rather than making clear rules of the road, resulting in huge fines that targeted the crypto industry but did not protect the retail public by giving them a safe place to trade.
- Stablecoins are altcoins whose value is pegged to assets like fiat currencies and commodities.
- First, its demand exceeds the total circulating supply, and its production is limited to 21 million coins, which the cryptocurrency is rapidly approaching.
- In the crypto market turmoil that followed the failure of Terra, multiple episodes showed the power of founders and whales in platforms ostensibly administered by decentralized autonomous organizations.
Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. Companies that enable investors to buy and sell cryptocurrencies, as well as the growing number of companies who have made investing in bitcoin their main business focus, were hammered in Monday’s sell-off. These categories are often used in investment strategies, and a “good market cap” depends on your risk appetite. If you’re willing to take on higher risks, you can look into small- or mid-cap cryptocurrencies.
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In a research note to clients last week, Deutsche Bank analysts also attributed the recent declines in crypto to institutional selling, other long-term holders collecting profits and a more hawkish Federal Reserve. Stalled crypto regulation has also contributed to the uncertainty, Deutsche Bank said. Beyond USD-denominated prices, you may also track prices in your local currency and your local language.
How To Compare Crypto Market Cap?
Crypto market cap is the total value of a cryptocurrency in circulation, calculated by multiplying the total number of coins by the current market price. It’s used to determine the valuation of a cryptocurrency based on the total money invested, not just the price. A cryptocurrency’s market cap is important and often relied upon by investors to value cryptocurrencies through a standardized metric. It is often used to determine if a coin has more room for growth or is currently overvalued by comparing it to established cryptocurrencies with similar use cases as a benchmark.
The Crypto Sprint also launched public consultations on all other recommendations from the President’s Working Group report relevant to the CFTC. The list of cryptocurrencies featured above are ranked by market cap, an accurate and real-time representation of the market valuation of a coin as defined by its latest price multiplied by its circulating supply. The top cryptocurrencies today includes Bitcoin, Ethereum, and over ten thousand altcoins.
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Check the company’s name against government agency websites, like the California Department of Financial Protection and Innovation’s Crypto Scam Tracker. If you have reported your crypto assets stolen with local law enforcement, such as your local police department or sheriff’s office (which we recommend!), ask the law enforcement agent about the company. Crypto prices alone don’t mean much, so we’ve included data like market cap and fully diluted arbivex value. It’s only when you pair current prices with historical data, statistics, news, and more that you get a full picture of a coin’s performance.
In an era of growing political dysfunction, it is understandable that policymakers might want to believe that technology can fix things without their involvement. Unfortunately, crypto does not live up to its claims of decentralization, and crypto’s booms and busts could have broad economic consequences if it is integrated with the traditional financial system and able to interrupt the flow of capital to the real economy. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.