Realized Bitcoin Price Broke a Record

Realized Bitcoin price broke a record. The aforementioned data set a record with 20 thousand 208 dollars.

In addition to the increasing price in Bitcoin in recent days, it is observed that the "realized price" has also increased. Bitcoin, the largest cryptocurrency in the market, broke the record in this sense. Data measurement firm Glassnode has announced that the “realized price” of Bitcoin has risen to an all-time high of $20,208. The previous record was recorded as $ 20 thousand 197 in mid-May. [caption id="" align="alignnone" width="1800"] Source: Glassnode[/caption]

What is the Realized Price?

Realized price represents the price of used coins, unlike the current price, and excludes coins that have been lost or have been sleeping in wallets for years. This price is the realized market value divided by the circulating supply. On the other hand, the realized market value of Bitcoin also reached an all-time high and was recorded as 378 billion 768 million dollars. Designed by analytics firm Coin Metrics, this metric finds the total network value of a cryptocurrency multiplied by the time it last moved. For example, if a coin last moved in 2018 and the price was $4,000 at that time, the measurement takes this price into account and calculates from this price (from $4,000), not the current price. Thus, the realized total market value is calculated.