The Bitcoin price has soared past $100,000 and is still climbing, but its biggest asset, the digital currency itself, is still worth less than a month’s worth of its value.
That’s according to a report from Capital Alpha, a cryptocurrency analytics firm.
Capital Alpha’s research, which is based on the value of the cryptocurrency at market prices on June 9, showed that Bitcoin had lost about $50 million in value by the time it hit $100k.
That compares with about $25 million in the last 24 hours.
The cryptocurrency’s value peaked at $200k in mid-July, before it crashed.
The firm also said the digital asset had a market capitalization of about $6.4 billion at the time of the report.
The report comes as Bitcoin and other digital currencies are expected to continue to grow in value.
Capital Apresis said the bitcoin’s recent gains were driven by the recent increase in the price of Ethereum, which it said was valued at about $200 billion.
“Ethereum is currently trading at a higher price than Bitcoin,” Capital Alpha said.
“In the near future, Ethereum is expected to overtake Bitcoin as the most valuable cryptocurrency in the world.”