“Realized” price is different to the actual price in that it refers to the value of coins that are actively used. It monitors the value of active cryptocurrency—and excludes lost coins or cryptocurrencies left dormant in wallets for years.
It is calculated by dividing the “realized” capitalization by the circulating supply.
And today, Bitcoin’s “realized” capitalization also hit an all-time high of $142.43 billion, Glassnode announced.
The "realized price" of Bitcoin just hit an all-time high, coinciding with its circulating supply being bought up by smaller account holders now more than ever before.
Per data from crypto analytics firm Glassnode, Bitcoin’s realized price has never been greater, today hitting a new milestone of $6,000 per coin.
All–time high: #Bitcoin's realized price hits $6,000 for the first time.https://t.co/0M9yBxx4GN pic.twitter.com/MdMCllnKtp
— glassnode (@glassnode) August 6, 2020
Realized price (as o...
This metric, devised by analytics firm Coin Metrics, measures the aggregate value of a cryptocurrency network by multiplying each cryptocurrency by the last time it moved.
So if a coin last moved in 2018 when the price was $4,000, the metric takes that price into account, rather than today’s price, when calculating the “realized” cap.
These new all-time highs are indicative of a healthy market: Bitcoin’s price has smashed records this year as an explosion of interest in the crypto-world—particularly decentralized finance—and interest from institutional investors has led more people to invest in the currency.
Bitcoin’s current price today pushed past the $19k mark, hitting $19,171—an increase of 4.42% in the past 24 hours—according to CoinMarketCap data.
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The nation signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework, developed by the Organization for Economic Cooperation and Development in 2023, which establishes mechanisms for automatic exchange of tax-related informat...