bitcoin market depth

As of October 4, 2022, there were 19,168,118 bitcoin in circulation (91% of the total supply). The smallest unit is called a “satoshi.” Bitcoin’s ticker is BTC and is used across many different trading venues. Bitcoin (BTC) is a digital asset – also called cryptocurrency – that allows people to transact directly with each other without intermediaries like banks.

  • Despite improving this year, the discount fluctuates based on speculation related to their ongoing legal battle with the SEC.
  • However, most of the premiums only emerged, or widened sharply, in November, coinciding with a rally in the price of many cryptocurrencies.
  • As of March 2nd, BTC recorded an impressive 42.0% of returns, compared to 37.9% and 33.5% for ETH and MVDA, respectively.
  • For example, Bybit, the second-largest derivatives exchange with a 14.5% market share, holds only 0.92% of the spot market share.
  • As such, the four assets being listed on the exchange, BTC, ETH, LTC, and BCH, are now more accessible for institutional investors, which has led to positive price action and speculation.
  • In August, a federal appeals court in Washington DC ruled that the SEC was wrong to reject Grayscale’s application to convert GBTC.

Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 737 exchanges. Bitcoin is the longest tenured blockchain and remains the largest digital asset by market capitalization. It represents the birth of digital currencies that are censorship-resistant, peer-to-peer, and permissionless with programatic monetary policy. The live Bitcoin price today is $43,667.00 USD with a 24-hour trading volume of $47.99M USD. The live market cap, measured by multiplying the number of coins by the current price is $436.67 USD. Buy and sell walls indicate a significant volume of orders at a given price, and can indicate market trends.

Bitcoin (BTC) Price Explosion, Solana (SOL) Volatility, Ripple (XRP) Targets: Bits Recap Dec 7

As of March 2nd, BTC recorded an impressive 42.0% of returns, compared to 37.9% and 33.5% for ETH and MVDA, respectively. Additionally, Bitcoin’s dominance has spiked to 41.7%, indicating that traders and investors may still have concerns about the overall market and the possibility of further declines. In this week’s Chart of the Week, we delve into the notable shift in the digital asset market landscape. Binance saw its market share decrease by 10.8% (as of May 20th) following the removal of zero-fee trading for USDT. In this week’s Chart of the Week, we highlight the large discount between fiat pairs trading on Binance.US vs the wider market. BTC/USD is trading at a 9.5% discount to CCCAGG’s BTC reference price, whilst both USDT and USDC are trading at an 8.88% discount to their peg.

bitcoin market depth

Most cryptocurrency exchanges provide depth charts where users can hover over any point on the bid or ask line and see how many buy or sell orders are placed at that price. Often, individuals will choose to either hold bitcoin as a long-term investment, or engage in trading. A depth chart is a tool for understanding the supply and demand of Bitcoin at a given moment for a range of prices. It is a visual representation of an order book, which is the outstanding buy or sell orders of an asset at varying price levels.

Market Cap BTC, $

It’s an immutable public distributed ledger stored and maintained by a network of full nodes. The name Bitcoin is used interchangeably to refer to the blockchain network and the cryptocurrency that powers it. More precisely though, Bitcoin with a capital B is bitcoin market depth referring to the network, while Bitcoin used with a minor b is describing the asset. The funds can only be traded via OTC Markets Group, formerly known as the “pink sheets” market, where over-the-counter secondary trading in pre-existing shares takes place.

The financial watchdog has until midnight to decide whether it will challenge its bitter court loss to Grayscale over a spot Bitcoin ETF. A total of 12 spot Bitcoin ETFs are on the SEC’s finish line with the agency’s approval deadline fast-approaching tomorrow. Akash is a general-purpose compute platform with GPUs, storage, LLM training or inference, and validator hosting through its two-sided marketplace.

Bitcoin

Furthermore, the open interest for the token surged dramatically, with many traders opting to short the token in response to the ongoing uncertainty and concerns about its vulnerability. This heightened shorting activity contributed to the token’s funding rate recording an unprecedented -0.04% value, https://www.tokenexus.com/ indicating the prevailing bearish sentiment among traders. Bitcoin is the first cryptocurrency and decentralized global payment system – the true OG. Bitcoin was envisioned as an alternative to traditional electronic payment methods, removing the requirement for a central bank or administrator.

  • A large buy wall prevents bitcoin prices from dropping rapidly because it creates a large amount of buy orders at one price.
  • The exchange has now achieved the largest market share for open interest in BTC futures, surpassing Binance, which currently holds an open interest of $3.76 billion.
  • In our Chart of the Week this week, we examine the decline in BUSD Market Share on Binance.
  • Both pairs experienced their lowest levels for the year, with decreases reaching as much as 85.0% and 65.6% respectively compared to January 1st.
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