Well, whoever thought that the bearish sentiment was going to kill Bitcoin was wrong, very wrong. What’s more, one statistic suggests that Bitcoin could be more valuable today than ever before for the ecosystem – including its ATH days.
Bitcoin’s total “realized” market cap today surpassed the numbers registered in April 2021 when its price had topped out.
Bitcoin Realized Cap. Image: Glassnode
The statistic was shared a few hours ago by the blockchain data provider Glassnode via a tweet as BTC registered a realized cap of $378,768,190,450.72.
#Bitcoin $BTC Realized Cap just reached an ATH of $378,768,190,450.72
View metric:https://t.co/C8JhD26mC1 pic.twitter.com/ohXnmFDkNk
— glassnode alerts (@glassnodealerts) August 14, 2021
Why Does the Realized Cap Matters For Bitcoin
The realized cap is a way to have a slightly more “real” or honest measure of the total value moved with Bitcoin. The market cap is a very popular statistic among cryptocurrency enthusiasts obtain
