By 2025, the Bitcoin market cap had grown to over ***** billion USD as the cryptocurrency kept growing. Market capitalization is calculated by multiplying the total number of Bitcoins in circulation by the Bitcoin price. The Bitcoin market capitalization increased from approximately *** billion U.S. dollars in 2013 to several times this amount since its surge in popularity. Dominance The Bitcoin market cap takes up a significant portion of the overall cryptocurrency market cap. This is referred to as "dominance". Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market — effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called "altcoins". The Bitcoin dominance was above ** percent. Maximum supply and scarcity Bitcoin is unusual from other cryptocurrencies in that its maximum supply is getting closer. By 2025, well over ** million out of all 21 million possible Bitcoin had been created. Bitcoin's supply is expected to reach its maximum around the year 2140, likely making mining more energy-intensive.

In March 2024 Bitcoin BTC reached a new all-time high with prices exceeding 73000 USD marking a milestone for the cryptocurrency market This surge was due to the approval of Bitcoin exchange-traded funds ETFs in the United States allowing investors to access Bitcoin without directly holding it This development increased Bitcoin’s credibility and brought fresh demand from institutional investors echoing previous price surges in 2021 when Tesla announced its 15 billion investment in Bitcoin and Coinbase was listed on the Nasdaq By the end of 2022 Bitcoin prices dropped sharply to 15000 USD following the collapse of cryptocurrency exchange FTX and its bankruptcy which caused a loss of confidence in the market By August 2024 Bitcoin rebounded to approximately 64178 USD but remained volatile due to inflation and interest rate hikes Unlike fiat currency like the US dollar Bitcoin’s supply is finite with 21 million coins as its maximum supply By September 2024 over 92 percent of Bitcoin had been mined Bitcoin’s value is tied to its scarcity and its mining process is regulated through halving events which cut the reward for mining every four years making it harder and more energy-intensive to mine The next halving event in 2024 will reduce the reward to 3125 BTC from its current 625 BTC The final Bitcoin is expected to be mined around 2140 The energy required to mine Bitcoin has led to criticisms about its environmental impact with estimates in 2021 suggesting that one Bitcoin transaction used as much energy as Argentina Bitcoin’s future price is difficult to predict due to the influence of large holders known as whales who own about 92 percent of all Bitcoin These whales can cause dramatic market swings by making large trades and many retail investors still dominate the market While institutional interest has grown it remains a small fraction compared to retail Bitcoin is vulnerable to external factors like regulatory changes and economic crises leading some to believe it is in a speculative bubble However others argue that Bitcoin is still in its early stages of adoption and will grow further as more institutions and governments recognize its potential as a hedge against inflation and a store of value 2024 has also seen the rise of Bitcoin Layer 2 technologies like the Lightning Network which improve scalability by enabling faster and cheaper transactions These innovations are crucial for Bitcoin’s wider adoption especially for day-to-day use and cross-border remittances At the same time central bank digital currencies CBDCs are gaining traction as several governments including China and the European Union have accelerated the development of their own state-controlled digital currencies while Bitcoin remains decentralized offering financial sovereignty for those who prefer independence from government control The rise of CBDCs is expected to increase interest in Bitcoin as a hedge against these centralized currencies Bitcoin’s journey in 2024 highlights its growing institutional acceptance alongside its inherent market volatility While the approval of Bitcoin ETFs has significantly boosted interest the market remains sensitive to events like exchange collapses and regulatory decisions With the limited supply of Bitcoin and improvements in its transaction efficiency it is expected to remain a key player in the financial world for years to come Whether Bitcoin is currently in a speculative bubble or on a sustainable path to greater adoption will ultimately be revealed over time.

Description

This dataset, titled "Cryptocurrency Market Sentiment & Prediction," is a synthetic collection of real-time crypto market data designed for advanced analysis and predictive modeling. It captures a comprehensive range of features including price movements, social sentiment, news impact, and trading patterns for 10 major cryptocurrencies. Tailored for data scientists and analysts, this dataset is ideal for exploring market volatility, sentiment analysis, and price prediction, particularly in the context of significant events like the Bitcoin halving in 2024 and increasing institutional adoption.

Key Features Overview: - Price Movements: Tracks current prices and 24-hour price change percentages to reflect market dynamics. - Social Sentiment: Measures sentiment scores from social media platforms, ranging from -1 (negative) to 1 (positive), to gauge public perception. - News Sentiment and Impact: Evaluates sentiment from news sources and quantifies their potential impact on market behavior. - Trading Patterns: Includes data on 24-hour trading volumes and market capitalization, crucial for understanding market activity. - Technical Indicators: Features metrics like the Relative Strength Index (RSI), volatility index, and fear/greed index for in-depth technical analysis. - Prediction Confidence: Provides a confidence score for predictive models, aiding in assessing forecast reliability.

Purpose and Applications: - Perfect for machine learning tasks such as price prediction, sentiment-price correlation studies, and volatility classification. - Supports time series analysis for forecasting price movements and identifying volatility clusters. - Valuable for research into the influence of social media and news on cryptocurrency markets, especially during high-impact events.

Dataset Scope: - Covers a simulated 30-day period, offering a snapshot of market behavior under varying conditions. - Focuses on major cryptocurrencies including Bitcoin, Ethereum, Cardano, Solana, and others, ensuring relevance to current market trends.

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Dataset Statistics Table:

This dataset is a powerful resource for machine learning projects, sentiment analysis, and crypto market research, providing a robust foundation for AI/ML model development and testing.