Bitcoin (BTC) price again reached an all-time high in 2025, as values exceeded over 107,000 USD in June 2025. That particular price hike was connected to the approval of Bitcoin ETFs in the United States, whilst previous hikes in 2021 were due to events involving Tesla and Coinbase, respectively. Tesla’s announcement in March 2021 that it had acquired 1.5 billion U.S. dollars’ worth of the digital coin, for example, as well as the IPO of the U.S.’ biggest crypto exchange fueled mass interest. The market was noticeably different by the end of 2022, however, with Bitcoin prices reaching roughly 94,315.98 as of May 4, 2025, after another crypto exchange, FTX, filed for bankruptcy. Is the world running out of Bitcoin? Unlike fiat currency like the U.S. dollar - as the Federal Reserve can simply decide to print more banknotes - Bitcoin’s supply is finite: BTC has a maximum supply embedded in its design, of which roughly 89 percent had been reached in April 2021. It is believed that Bitcoin will run out by 2040, despite more powerful mining equipment. This is because mining becomes exponentially more difficult and power-hungry every four years, a part of Bitcoin’s original design. Because of this, a Bitcoin mining transaction could equal the energy consumption of a small country in 2021. Bitcoin’s price outlook: a potential bubble? Cryptocurrencies have few metrics available that allow for forecasting, if only because it is rumored that only a few cryptocurrency holders own a large portion of available supply. These large holders - referred to as “whales” - are said to make up of two percent of anonymous ownership accounts, whilst owning roughly 92 percent of BTC. On top of this, most people who use cryptocurrency-related services worldwide are retail clients rather than institutional investors. This means outlooks on whether Bitcoin prices will fall or grow are difficult to measure, as movements from one large whale already having a significant impact on this market.

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.

It is estimated that the cumulative market cap of cryptocurrencies increased in early 2023 after the downfall in November 2022 due to FTX. That value declined in the summer of 2023, however, as international uncertainty grew over a potential recession. Bitcoin's market cap comprised the majority of the overall market capitalization. What is market cap? Market capitalization is a financial measure typically used for publicly traded firms, computed by multiplying the share price by the number of outstanding shares. However, cryptocurrency analysts calculate it as the price of the virtual currencies times the number of coins in the market. This gives cryptocurrency investors an idea of the overall market size, and watching the evolution of the measure tells how much money is flowing in or out of each cryptocurrency. Cryptocurrency as an investment The price of Bitcoin has been erratic, and most other cryptocurrencies follow its larger price swings. This volatility attracts investors who hope to buy when the price is low and sell at its peak, turning a profit. However, this does little for price stability. As such, few firms accept payment in cryptocurrencies. As of June 25, 2025, the cumulative market cap of cryptocurrencies reached a value of ******.

Prices for USCBTC USD Coin Bitcoin including live quotes, historical charts and news. USCBTC USD Coin Bitcoin was last updated by Trading Economics this July 5 of 2025.

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.

The average price of one Bitcoin Cash reached its all-time high in 2017, although the price since then never came close to that position. As of June 30, 2025, one Bitcoin Cash token was worth 502.85 U.S. dollars, rather than the nearly 2,500 USD from the peak in 2017. Bitcoin Cash - abbreviated as BCH - is a variant of the much more known Bitcoin - or BTC -, and is traded separately on online exchanges. That the two cryptocurrencies are different from each other already shows when looking at the price of a 'regular' Bitcoin: this was over 40,000 U.S. dollars during the same time frame.

Bitcoin's circulating supply has grown steadily since its inception in 2009, reaching over ** million coins by early 2025. This gradual increase reflects the cryptocurrency's design, which put a limit of ** million on the total number of bitcoins that can ever exist. This impacts the Bitcoin price somewhat, as its scarcity can lead to volatility on the market. Maximum supply and scarcity Bitcoin is unusual from other cryptocurrencies in that its maximum supply is getting closer. By 2025, more than ** percent of all possible Bitcoin had been created. That said, Bitcoin's circulating supply is expected to reach its maximum around the year 2140. Meanwhile, mining becomes exponentially more difficult and energy-intensive. Institutional investors In 2025, countries like the United States openly started discussion the possibility of buying bitcoins to hold in reserve. By the time of writing, it was unclear whether this would happen. Nevertheless, institutional investors displayed more interest in the cryptocurrency than before. Certain companies owned several thousands of Bitcoin tokens in 2025, for example. This and the limited number of Bitcoin may further fuel price volatility.

Ethereum's price history suggests that that crypto was worth significantly less in 2022 than during late 2021, although nowhere near the lowest price recorded. Much like Bitcoin (BTC), the price of ETH went up in 2021 but for different reasons altogether: Ethereum, for instance, hit the news when a digital art piece was sold as the world’s most expensive NFT for over 38,000 ETH - or 69.3 million U.S. dollars. Unlike Bitcoin - of which the price growth was fueled by the IPO of the U.S.’ biggest crypto trader Coinbase - the rally on Ethereum came from technological developments that caused much excitement among traders. First, the so-called “Berlin update” rolled out on the Ethereum network in April 2021, an update which would eventually lead to the Ethereum Merge in 2022 and reduced ETH gas prices - or reduced transaction fees. The collapse of FTX in late 2022, however, changed much for the cryptocurrency. As of May 4, 2025, Ethereum was worth 1,808.59 U.S. dollars - significantly less than the 4,400 U.S. dollars by the end of 2021. Ethereum’s future and the DeFi industry Price developments on Ethereum are difficult to predict, but cannot be seen without the world of DeFi - or Decentralized Finance. This industry used technology to remove intermediaries between parties in a financial transaction. One example includes crypto wallets such as Coinbase Wallet that grew in popularity recently, with other examples including smart contractor Uniswap, Maker (responsible for stablecoin DAI), moneylender Dharma and market protocol Compound. Ethereum’s future developments are tied with this industry: Unlike Bitcoin and Ripple, Ethereum is technically not a currency but an open-source software platform for blockchain applications - with Ether being the cryptocurrency that is used inside the Ethereum network. Essentially, Ethereum facilitates DeFi - meaning that if DeFi does well, so does Ethereum. NFTs: the most well-known application of Ethereum NFTs or non-fungible tokens grew nearly ten-fold between 2018 and 2020, as can be seen in the market cap of NFTs worldwide. These digital blockchain assets can essentially function as a unique code connected to a digital file, allowing to distinguish the original file from any potential copies. This application is especially prominent in crypto art, although there are other applications: gaming, sports and collectibles are other segments where NFT sales occur.

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Bitcoin ranked as one of the most expensive cryptocurrencies existing by April 2024 - although values changed noticeably. Bitcoin had the most expensive cryptocurrency for a while, but Ethereum was significantly cheaper, with a price that was roughly 30 times less than that of the most well-known digital currency. However, Bitcoin is in a unique position. Ethereum is one of several cryptocurrencies, for instance, that come from blockchains that focus on making financial applications possible. Bitcoin, or a digital equivalent of gold When one categorizes the different types of cryptocurrencies, Bitcoin stands out as it is one of the few that are essentially meant to store digital value. Some describe Bitcoin as a digital version of gold, purely designed to hold or possibly purchasing power over time. It has no other applications built around it, and is considered too slow to perform financial transactions. Stablecoins, the less volatile cryptocurrency Many coins in this ranking stand out as their price seemingly has not changed as much as others. This is because these are stablecoins - cryptocurrencies pegged to the price development of an external asset. This group of digital assets comprise an increasing share within the overall crypto market. Some see these coins as the future of retail payments, whereas others view these coins as a "safe" addition to their crypto investments.

How many cryptocurrencies are there? In short, there were over ***** as of June 2025, although there were many more digital coins in the early months of 2022. Note, however, that a large portion of cryptocurrencies might not be that significant. There are other estimates of roughly ****** cryptocurrencies existing, but most of these are either inactive or discontinued. Due to how open the creation process of a cryptocurrency is, it is relatively easy to make one. Indeed, the top 20 cryptocurrencies make up nearly ** percent of the total market. Why are there thousands of cryptocurrencies? Any private individual or company that knows how to write a program on a blockchain can technically create a cryptocurrency. That blockchain can be an existing one. Ethereum and Binance Smart Chain are popular blockchain platforms for such ends, including smart contracts within Decentralized Finance (DeFi). The ease of crypto creation allows some individuals to find solutions to real-world payment problems while others hope to make a quick profit. This explains why some crypto lack utility. Meme coins such as Dogecoin - named after a Japanese dog species - are an infamous example, with Dogecoin's creator coming out and stating the coin started as a joke. The many types of cryptocurrency Meme coins are but one group of cryptocurrencies. Other types include altcoins, utility tokens, governance tokens, and stablecoins. Altcoins are often measured against Bitcoin, as this refers to all crypto that followed Bitcoin - the first digital currency ever created. Utility tokens and governance tokens are somewhat connected to NFTs and the metaverse. A specific example is the MANA cryptocurrency, which allows real estate purchases in the Decentraland metaverse. Stablecoins refer to the likes of Tether, which are pegged to a real-world asset like the U.S. dollar. Such coins are meant to be less volatile than regular cryptocurrency.

The price of the cryptocurrency based on the famous internet meme broke its price decline in early November 2022 - as people started buying the coin after FTX's collapse. This rally only lasted for a few days, however, as a Dogecoin was worth roughly 0.16 U.S. dollars on June 30, 2025. This is a different development than in 2021 - when the crypto became very popular in a short amount of time. Between January 28 and January 29, 2021, Dogecoin's value grew by around 216 percent to 0.023535 U.S. dollars after comments from Tesla CEO Elon Musk. The digital coin quickly grew to become the most talked-about cryptocurrency available: not necessarily for its price - the prices of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and several other virtual currencies were much higher than that of DOGE - but for its growth.

Following NFT hype and growing demand in the DeFi community, the price of cryptocurrency Solana or SOL more than tripled during the summer of 2021. This had all but evaporated by the end of 2022, as a price of 151 U.S. dollars for SOL on Jun 30, 2025, was similar to the price of Solana in early 2021. The collapse of crypto trader FTX in 2022 especially impacted the cryptocurrency, as FTX and its sister firm Alameda Research sold a large amount of the coin to avoid bankruptcy. The Solana protocol is similar to Ethereum in that it can allow for nun-fungible tokens to be created ('minted') or traded. Solana, however, uses a technology called 'PoH' or Proof of History, which allows it to reach high transaction speeds. The Solana Foundation - the creators of the protocol, based in Switzerland - claims they could reach up to 65,000 transactions per second compared to 16 for Ethereum. Additionally, Solano had no transaction fees or 'gas', unlike Ethereum, which had growing transaction costs. These two reasons combined - Solana being deemed cheaper and faster than Ethereum - turned this relatively young protocol into a breeding ground for NFT projects in August 2021.

A league table of the 120 cryptocurrencies with the highest market cap reveals how diverse each crypto is and potentially how much risk is involved when investing in one. Bitcoin (BTC), for instance, had a so-called "high cap" - a market cap worth more than ** billion U.S. dollars - indicating this crypto project has a certain track record or, at the very least, is considered a major player in the cryptocurrency space. This is different in Decentralize Finance (DeFi), where Bitcoin is only a relatively new player. A concentrated market The number of existing cryptocurrencies is several thousands, even if most have a limited significance. Indeed, Bitcoin and Ethereum account for nearly ** percent of the entire crypto market capitalization. As crypto is relatively easy to create, the range of projects varies significantly - from improving payments to solving real-world issues, but also meme coins and more speculative investments. Crypto is not considered a payment method While often talked about as an investment vehicle, cryptocurrencies have not yet established a clear use case in day-to-day life. Central bankers found that usefulness of crypto in domestic payments or remittances to be negligible. A forecast for the world's main online payment methods took a similar stance: It predicts that cryptocurrency would only take up *** percent of total transaction value by 2027.

The global user base of cryptocurrencies increased by nearly *** percent between 2018 and 2020, only to accelerate further in 2022. This is according to calculations from various sources, based on information from trading platforms and on-chain wallets. Increasing demographics might initially be attributed to a rise in the number of accounts and improvements in identification. In 2021, however, crypto adoption continued as companies like Tesla and Mastercard announced their interest in cryptocurrency. Consumers in Africa, Asia, and South America were most likely to be an owner of cryptocurrencies, such as Bitcoin, in 2022. How many of these users have Bitcoin? User figures for individual cryptocurrencies are unavailable. Bitcoin, for instance, was created not to be tracked by banks and governments. What comes closest is the trading volume of Bitcoin against domestic fiat currencies. The source assumed, however, that UK residents were the most likely to make Bitcoin transactions with British pounds. This assumption might not be accurate for popular fiat currencies worldwide. Moreover, coins such as Tether or Binance Coin - referred to as "stablecoins" - are often used to buy and sell Bitcoin. Those coins were not included in that particular statistic. Wallet usage declined Total crypto wallet downloads were significantly lower in 2022 than in 2021. The number of downloads of Coinbase, Blockchain.com, and MetaMask, among others, declined as the market hit a "crypto winter" over the year. The crypto market also suffered bad press when FTX - one of the largest crypto exchanges based on market share - collapsed in November 2022. Binance, on the other hand, regained some of the market share it had lost between September and October 2022, growing by *** percentage points in November. As of 2025, the highest forecast for the global user base of cryptocurrencies is projected to reach *** million.

Bitcoin is edging closer to reaching its finite, maximum supply, pushing its price up and making it harder to mine. As a rule of thumb, the fewer coins available to the general audience, the higher the value of the cryptocurrency becomes. No more mining is possible when a cryptocurrency reaches its maximum supply. The market price then reflects supply and demand. Bitcoin has a set limit of 21 million coins, the last of which is to be mined around the year 2140 according to a 2017 forecast - with the assumption that the rate of Bitcoin mining halves every 4 years. Why are there so many differences in crypto supply? Cryptocurrency developers can determine whether a coin should have a fixed limit, depending on the blockchain it utilizes or monetary strategies. Ethereum has no maximum supply, meaning miners can create and indefinitely extract this cryptocurrency. This is called an inflationary cryptocurrency, one that continuously inflates the supply. The idea is that the number of tokens in circulation keeps outpacing demand, decreasing overall value. Some coins limit the release of their (indefinite) supply or even destroy (burn) tokens. Such deflationary events took place with LUNA in 2022. The appeal of low-supply cryptocurrency for investors Crypto investors tend to be on the lookout for crypto with limited supply, ideally with low levels. After a token reaches maximum supply, the argument goes, the coin's supply becomes static - miners can no longer create new coins. The demand should continue to grow. A maximum cap, they hope, guarantees value gains. Not many such coins exist. DeFi platform AAVE is an example of a cryptocurrency with a max supply smaller than *** million.

The Litecoin cryptocurrency peaked in both 2017 and 2020 - reaching prices worth around 250 dollars - but did not reach this by 2022. As of May 4, 2025, one Litecoin token was worth 85.02 U.S. dollars. Litecoin's price was relatively volatile recently, revealing high price swings between months. What is a cryptocurrency? Cryptocurrencies are digital currencies that do not have a centralized regulating authority. The first of these, Bitcoin, introduced a technology called blockchain, in which a distributed ledger records every transaction on every bitcoin in circulation to prevent fraud. Litecoin also uses this technology. To accommodate the demands of constant ledger updates, users sell computational power in exchange for an amount of Litecoin, a process known as mining. More about Litecoin Cryptocurrencies are still an emerging technology, and few are using them for transactions. As such, most users are speculators who look at the value of all coins in circulation as the market capitalization rather than money supply. Still, the average number of Litecoin transactions ranges in the tens of thousands, meaning that the cryptocurrency has a substantial financial footprint.

As of January 2024, 37 percent of Indonesian respondents purchased cryptocurrency two to five times a month. According to Indonesia's Commodity Futures Trading Regulatory Agency (Bappebti), the crypto transaction value reached 17.1 trillion Indonesian rupiah in the country as of November 2023. Due to the rising interests in digital currencies, Indonesia officially launched the world's first state-backed cryptocurrency bourse in July 2023.

Ripple - or XRP - prices surged in 2021, but went down significantly as 2022 progressed. As of June 30, 2025, one XRP token was worth 2.19 U.S. dollars. Ethereum's price, for example, kept on reaching new all-time highs, a feat not performed by XRP. Indeed, XRP's more price spikes followed relatively late - only occurring in early 2021, against late 2020 for most other cryptos - after the US SEC filed a legal complaint against Ripple in November 2020. This legal action caused the XRP price to plummet from around 0.70 U.S. dollars to 0.20 U.S. dollars. Ripple versus XRP: two become one Technically speaking, Ripple is not a cryptocurrency. Renamed from a protocol called OpenCoin in 2013, Ripple facilitates open-source payments. XRP, on the other hand, is the cryptocurrency that runs on this network. In that sense, Ripple and XRP have a similar symbiosis to each other like the Ethereum network and its cryptocurrency Ether. Unlike Ethereum - whose price changes are connected to the world of Decentralized Finance or DeFI - Ripple/XRP mostly looks at developments in cross-border payments for companies. In 2020, companies worldwide began to favor fintech solutions for future B2B solutions and, in a way, Ripple is an extension of that. What affects the price of Ripple? Ripple is mostly active in Southeast Asia - a region with a splintered payment landscape and that heavily investigates its own types of state-issued cryptocurrency to make cross-border payments a lot easier. Price spikes tend to follow news on this topic in this specific region. In 2019, for example, the XRP price grew after Japan and South Korea began testing to reduce time and costs for transferring international funds between the two countries. In March 2021, Ripple announced that it had agreed to acquire 40 percent of Malaysian cross-border payments firm Tranglo to meet growing demand in Southeast Asia.

The number of Bitcoin ATMs worldwide decreased by over 1.7 percent between May 2025 and June 2024. As of June 1, 2025, there were over 38,658 Bitcoin ATMs all over the world. As far as Bitcoin ATMs are concerned, there are two main types of such ATMs: the basic ones, allowing the users only to purchase Bitcoins, and more complex ones, enabling the users both to buy and sell the virtual money. In case of complex ATMs, only the members of a particular ATM producer can use the ATM. As of February 2025, the main manufacturers of the Bitcoin ATMs were Genesis Bytes, and BitAccess, with 33.7 percent and 23.2 percent of the market share, respectively. The highest number of Bitcoin ATMs was recorded in the United States as of May 2025. In total, approximately 89percent of global ATMs were concentrated in North America.