Comparing the volume of the US dollar to cryptocurrencies is complex due to the dollar's widespread use in various markets, including forex, commodities, and stocks. However, we can look at specific metrics to gauge their relative activity.
*Cryptocurrency Market Overview*
- *Total Market Cap*: $2.69 trillion, with a 0.92% increase over the last day
- *24-Hour Trading Volume*: $44.34 billion, representing a 25.89% increase
- *Dominant Cryptocurrencies*:
- *Bitcoin (BTC)*: 62.9% market dominance, with a $1.69 trillion market cap and $15.29 billion 24-hour trading volume
- *Ethereum (ETH)*: 7.2% market dominance
*Bitcoin (BTC) Specifics*
- *Current Price*: $85,182.54, with a 0.71% increase in the last 24 hours
- *Market Cap*: $1.69 trillion
- *24-Hour Trading Volume*: $15.29 billion
- *Circulating Supply*: 19.85 million BTC
*Comparing to Traditional Markets*
The forex market, where the US dollar is heavily traded, has a daily trading volume of over $6 trillion.
