Crypto Market Cap
In short
Total value of all cryptocurrency — price × circulating supply
Crypto market cap = price × number of coins in circulation. Bitcoin at $60,000 with 19.5M coins = ~$1.17T market cap. A rising total crypto market cap means money is flowing into the space.
Cryptocurrency market capitalization measures the total value of all coins in circulation. Total crypto market cap is a barometer for the industry's size. Individual coin market caps determine their rank and stability — larger cap coins are generally less volatile.
Formula
Market Cap = Current Price × Circulating SupplyRelated concepts
- Bitcoin Dominance — Bitcoin dominance shows how much of all crypto money is in Bitcoin. High dominance (>60%) means investors prefer Bitcoin's safety. Falling dominance during a bull market often signals altcoin season — smaller coins outperforming Bitcoin.
- Market Cap Rank — Market cap rank orders all cryptocurrencies by size. Bitcoin is #1, Ethereum #2. Top 10 coins have higher liquidity and lower risk. Smaller ranks (lower down the list) mean higher volatility and risk but potentially higher reward.
- 24h Trading Volume — 24h volume shows how much of a coin changed hands today (in dollars). High volume on a price move = conviction. Low volume on a price move = potentially fake move. Volume is the lie detector of price action.