what is bitcoins market cap
For a cryptocurrency like Bitcoin, market capitalization (or market cap) is thetotal value of all the coins that have been mined. It鈥檚 calculated by multiplying the number of coins in circulation by the current market price of a single coin.
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What is the bitcoin market cap in 2021?
In January 2021, the Bitcoin market cap reached an all-time high and had grown by over 400 billion U.S. dollars when compared to the summer months. The market capitalization currently sits at more than 600 billion U.S. dollars. Market capitalization is calculated by multiplying the total number of Bitcoins in circulation by the Bitcoin price.
What does market cap mean in crypto?
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. One way to think about market cap is as a rough gauge for how stable an asset is likely to be. (It鈥檚 important to note that even Bitcoin, crypto鈥檚 biggest market cap, still sees volatility.)
How is bitcoin market capitalization calculated?
Market capitalization is calculated by multiplying the total number of Bitcoins in circulation by the Bitcoin price. The Bitcoin market capitalization increased from approximately one billion U.S. dollars in 2013 to several times this amount since its surge in popularity in 2017.
What are mid-cap and small-cap cryptocurrencies?
Mid-cap cryptocurrencies have market caps between $1 billion and $10 billion 鈥?they generally are considered to have more untapped potential upside but also higher risk. Small-cap cryptocurrencies have a market cap of less than $1 billion and are most susceptible to dramatic swings based on market sentiment.