Definition ∞ Bitcoin Market Valuation represents the total worth of all Bitcoin currently in circulation. This figure is derived by multiplying the current market price of one Bitcoin by the total number of Bitcoin that have been mined. It serves as a fundamental metric for assessing Bitcoin’s economic scale.
Context ∞ This valuation metric is a primary indicator for market observers, providing insight into investor confidence and Bitcoin’s standing within the broader financial ecosystem. Fluctuations in Bitcoin’s market valuation frequently dominate financial news, reflecting shifts in supply, demand, and macroeconomic conditions. Understanding this value helps contextualize discussions about market dominance and capital allocation.
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