# Bitcoin (BTC) — crypto price, market cap and strength versus Bitcoin

> Bitcoin trades at $62813.75 with a market capitalisation of $1.3T (rank 1). Over 90 days it is +0% against Bitcoin and sits below its 200-day average. Layer 1 as a theme is -7.8% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.

## Agent research brief

- What this coin is: Bitcoin (BTC), a Layer 1 token of $1.3T at market-cap rank 1. On-chain activity is sourced from protocol + chain TVL.
- What the tape says: +0% versus Bitcoin over 90 days; below its 200-day average. Layer 1 as a theme is -7.8% against Bitcoin over 13 weeks.
- What the evidence supports: 50.6/100 inside Layer 1 on 75% evidence (50% of it native activity). Evidence is mixed. Keep normal research priority and wait for two pillars to agree.
- What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Bitcoin does publish network fees, protocol revenue, total value locked.

Theme: Layer 1 (/mla/crypto/sector/layer-1). Price 2026-07-31; market-cap snapshot 2026-07-04.

## Price, returns and risk

Bitcoin is -45.7% over one year, -20.1% over 90 days and +4.7% over 30 days. Annualised 30-day volatility is 31%. Its deepest fall from a high inside the last 90 days is 29%. It trades below its 200-day average, which is falling.

- Price: $62,813.75
- Market cap: $1.3T (rank 1)
- Returns: 7d -2.0%; 30d +4.7%; 90d -20%; 180d -18%; 1y -46%
- RS versus Bitcoin, 90d: 0.0%
- 30-day volatility: 31% annualised; deepest 90-day fall 29%
- 200-day average: $71,455.21, trading below it

## Protocol economics

Bitcoin publishes 3 of the six network-economics series this site tracks: network fees, protocol revenue, total value locked. Network fees over the last four complete quarters is $101.4M. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter.

- Network fees: trailing four quarters $101.4M; change -65%; covered 20/20 quarters
- Protocol revenue: trailing four quarters —; change —; covered 1/20 quarters
- Total value locked: latest quarter $3.9B; change -38%; covered 20/20 quarters

## Research score

Bitcoin: 50.6/100 — Mixed · market gate closed; 18.6 + 11.9 + 5.8 + 14.3 = 50.6; evidence 75%; native evidence 50%; rank 13 of 64 rated Layer 1 coins
Decision use: Evidence is mixed. Keep normal research priority and wait for two pillars to agree.
This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.

No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built.

## Layer 1 scorecard

Bitcoin is one of 78 Layer 1 coins here, 64 of which carry enough evidence to be rated and ranked. Bitcoin ranks 13 of those 64 on 75% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.

- 1. TRON (TRX): score 78; evidence 91%; Priority research · market gate closed
- 2. DigiByte (DGB): score 61.3; evidence 50%; Illiquid · research only
- 3. XPR Network (XPR): score 60; evidence 55%; Illiquid · research only
- 4. Ethereum (ETH): score 57.6; evidence 84%; Mixed · market gate closed
- 5. eCash (XEC): score 57.3; evidence 50%; Tape-led · on-chain proof incomplete
- 6. Ozone Chain (OZO): score 56.3; evidence 50%; Illiquid · research only
- 7. Nesa (NES): score 55.6; evidence 23%; Tape-led · on-chain proof incomplete
- 8. Gravity (by Galxe) (G): score 54.5; evidence 84%; Illiquid · research only
- 9. Worldcoin (WLD): score 53.2; evidence 76%; Mixed · market gate closed
- 10. Solana (SOL): score 53.1; evidence 91%; Mixed · market gate closed
- 11. XRP (XRP): score 52.8; evidence 55%; Tape-led · on-chain proof incomplete
- 12. Sui (SUI): score 51.5; evidence 17%; Tape-led · on-chain proof incomplete
- 13. Bitcoin (BTC) [this coin]: score 50.6; evidence 75%; Mixed · market gate closed
- 14. Constellation (DAG): score 50.6; evidence 50%; Illiquid · research only
- 15. Aptos (APT): score 50.5; evidence 37%; Illiquid · research only
- 16. Bitcoin SV (BSV): score 50.3; evidence 50%; Tape-led · on-chain proof incomplete
- 17. Abey (ABEY): score 50.1; evidence 50%; Illiquid · research only
- 18. Avalanche (AVAX): score 49.8; evidence 91%; Mixed · market gate closed
- 19. Ethereum Classic (ETC): score 49.7; evidence 55%; Tape-led · on-chain proof incomplete
- 20. Flare (FLR): score 49.3; evidence 65%; Illiquid · research only
- 21. VeChain (VET): score 48.8; evidence 55%; Tape-led · on-chain proof incomplete
- 22. Plasma (XPL): score 48.8; evidence 50%; Tape-led · on-chain proof incomplete
- 23. Hedera (HBAR): score 48.7; evidence 65%; Tape-led · on-chain proof incomplete
- 24. Vaulta (A): score 48.5; evidence 12%; Illiquid · research only
- 25. aelf (ELF): score 48.3; evidence 55%; Illiquid · research only
- 26. Qtum (QTUM): score 46.8; evidence 50%; Tape-led · on-chain proof incomplete
- 27. Sonic (S): score 46.8; evidence 27%; Illiquid · research only
- 28. Brevis (BREV): score 45.9; evidence 43%; Tape-led · on-chain proof incomplete
- 29. Ontology Gas (ONG): score 45.9; evidence 17%; Illiquid · research only
- 30. Celestia (TIA): score 45.6; evidence 70%; Tape-led · on-chain proof incomplete
- 31. APEX (AP3X): score 45.5; evidence 50%; Illiquid · research only
- 32. QANplatform (QANX): score 45.5; evidence 50%; Illiquid · research only
- 33. Conflux (CFX): score 45.2; evidence 55%; Tape-led · on-chain proof incomplete
- 34. Venom (VENOM): score 43.3; evidence 55%; Illiquid · research only
- 35. EthereumPoW (ETHW): score 43.1; evidence 55%; Illiquid · research only
- 36. OHO Blockchain (OHO): score 43.1; evidence 50%; Illiquid · research only
- 37. Kava (KAVA): score 42.8; evidence 55%; Tape-led · on-chain proof incomplete
- 38. Electroneum (ETN): score 42.6; evidence 55%; Illiquid · research only
- 39. Polkadot (DOT): score 42.2; evidence 50%; Tape-led · on-chain proof incomplete
- 40. Movement (MOVE): score 41.9; evidence 33%; Illiquid · research only
- 41. Bitcoin Cash (BCH): score 41.1; evidence 55%; Tape-led · on-chain proof incomplete
- 42. NEO (NEO): score 41.1; evidence 55%; Tape-led · on-chain proof incomplete
- 43. Space and Time (SXT): score 41; evidence 50%; Tape-led · on-chain proof incomplete
- 44. Cardano (ADA): score 40.9; evidence 81%; Lagging · market gate closed
- 45. Monad (MON): score 40.9; evidence 50%; Illiquid · research only
- 46. KUB Coin (KUB): score 39.9; evidence 55%; Illiquid · research only
- 47. Cosmos Hub (ATOM): score 39.4; evidence 55%; Tape-led · on-chain proof incomplete
- 48. Kusama (KSM): score 39; evidence 50%; Illiquid · research only
- 49. Quantum Resistant Ledger (QRL): score 38.8; evidence 50%; Illiquid · research only
- 50. Zilliqa (ZIL): score 38.2; evidence 55%; Illiquid · research only
- 51. Irys (IRYS): score 37.8; evidence 50%; Illiquid · research only
- 52. VeThor (VTHO): score 36.9; evidence 50%; Illiquid · research only
- 53. IOST (IOST): score 36.8; evidence 50%; Tape-led · on-chain proof incomplete
- 54. Gas (GAS): score 36.3; evidence 50%; Illiquid · research only
- 55. Xertra (STRAX): score 35.1; evidence 55%; Illiquid · research only
- 56. Moonriver (MOVR): score 34.7; evidence 55%; Illiquid · research only
- 57. Ontology (ONT): score 34.7; evidence 55%; Illiquid · research only
- 58. Kaia (KAIA): score 34.3; evidence 50%; Illiquid · research only
- 59. ARK (ARK): score 33.4; evidence 50%; Illiquid · research only
- 60. Ardor (ARDR): score 32.9; evidence 50%; Illiquid · research only
- 61. Bityuan (BTY): score 32.9; evidence 50%; Illiquid · research only
- 62. Waves (WAVES): score 32.6; evidence 55%; Illiquid · research only
- 63. Naoris Protocol (NAORIS): score 30.7; evidence 50%; Illiquid · research only
- 64. AtomOne (ATONE): score 27.5; evidence 50%; Illiquid · research only

## Limitations

- Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
- Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
- No valuation band exists for any coin: historical market capitalisation is not held at all.
- Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
- The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.

## FAQs

### What is Bitcoin (BTC)?

Bitcoin is a Layer 1 cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from protocol + chain TVL. It is one of 78 Layer 1 coins on this site. Readings are as of 2026-07-31.

### What is the market cap of Bitcoin?

Bitcoin's market capitalisation is $1.3T, ranking it 1 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.

### Is Bitcoin beating Bitcoin?

Bitcoin is +0% against Bitcoin over 90 days, and its own theme, Layer 1, is -7.8% over 13 weeks. It trades below its 200-day average as of 2026-07-31.

### Does Bitcoin have a P/E ratio?

No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.

### What is Bitcoin's research score?

50.6/100 within Layer 1, ranked 13 of 64 rated Layer 1 coins, on 75% evidence: 18.6 + 11.9 + 5.8 + 14.3 = 50.6. It is labelled “Mixed · market gate closed”. The score ranks research attention inside one theme, never portfolio action.

### How much Bitcoin history does this page show?

Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Bitcoin actually publishes. Here that is network fees, protocol revenue, total value locked.

### Does Bitcoin generate network fees?

Bitcoin's trailing twelve-month network fees is $101.4M, down 64.7% on the year-earlier period. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.