Bitcoin price increasing but Market Cap is the same

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: stompix on March 09, 2018, 01:46:43 PM

That thing is impossible.

Please give us some details, price was at x , market cap at y.
Than when price went z , market cap was at still at y.

The market cap is just (price x number of coins), it's impossible for the price to grow and the market cap to stay the same.

Unless they remove Satoshis rumoured million coins and others don't that could make a discrepancy. I doubt that is the case and it is more likely a bad script not auto updating.

BitcoinGuruOne

member

Activity: 364

Merit: 13

Quote from: Ciremik on March 09, 2018, 10:31:44 AM

Currently, 03-09-2018, the Bitcoin price increasing but Market Cap is the same. What does this mean ?
Does it mean few people or group buy bitcoins?

it is not possible.

I think that the only thing you can possibly be referring to is the WHOLE market cap of altcoins+bitcoin and in this case , it is possible that btc is growing while alts are going down and the net market cap stay the same or even decreases.

Ciremik

newbie

Activity: 19

Merit: 0

I see market cap looks the same or not much increase, but the bitcoin goes towards 10k.

stompix

legendary

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Merit: 6403

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