CRYPTO TOTAL MARKET CAP
Market capitalization (or market cap) is the total dollar value of all the shares of a company’s stock — or, in the case of Bitcoin or another cryptocurrency, of all the coins that have been mined. In crypto, market cap is calculated by multiplying the total number of coins that have been mined by the price of a single coin at any given time.
The global cryptocurrency market cap is currently at $2.3 trillion, with a -1.53% change in the last 24 hours and a 110.28% change from one year ago ¹. Bitcoin's market cap stands at $1.25 trillion, accounting for 54.28% of the total market cap ¹. The total number of cryptocurrencies tracked is 14,674, across 1,198 exchanges ¹.
Market Breakdown:
- Bitcoin Dominance: 54.28% ¹
- Stablecoins' Market Cap: $173 billion, representing 7.54% of the total market cap ¹
- Total Coins Tracked: 14,674 ¹
- Total Exchanges Tracked: 1,198 ¹
Trend Analysis:
The market has seen a significant increase over the past year, with Bitcoin's market cap growing by 139.2% ². However, the market remains volatile, with daily fluctuations.
Investor Insights:
Market capitalization is a key metric for investors, helping to gauge the stability and growth potential of cryptocurrencies ³. Cryptocurrencies are classified into three categories based on market cap:
- Large-cap cryptocurrencies (e.g., Bitcoin, Ethereum)
- Mid-cap cryptocurrencies (market cap between $1 billion and $10 billion)
- Small-cap cryptocurrencies (market cap less than $1 billion) ³
Keep in mind that market trends, stability, and individual financial situations should be considered when making investment decisions.
