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Bitcoin Sinks to 11-Week Low After Democratic Sweep and Wall Street Crash: Weekly Crypto Recap

By Jordan Lyanchev

The total crypto market cap is down by roughly $200 billion in 10 days.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Market capitalisation

The total value of a listed company, calculated as its share price multiplied by the number of shares.

It is the usual way to compare the size of public companies.

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