Bitcoin's Realized Market Cap Hits $378B, Total Market Cap at $880B

According to the metrics site Glassnode, Bitcoin's BTC/USD 'realized' market capitalization today reached an all-time high of $378 billion.

• Today Bitcoin's price reached $48,000 before falling sharply to $46,700.
• CoinGecko reports that Bitcoin's total market cap at $880 billion.
• The measurement of market capitalization is a multiplication of all circulated coins by the current coin price.
• The realized cap is a method of assessing Bitcoin's market cap based on the price at which each coin last moved. 
• Through realized cap's value, people can measure whether Bitcoin is overvalued or not. 
• Bitcoin has increased by 9.5% this week and 42.5% this month.