This is a metric representing the total market value of a cryptocurrency’s circulating supply. It is calculated by multiplying the current price of the digital asset by the number of coins or tokens in circulation. This figure provides a general indication of a digital asset’s relative size and perceived worth within the market.
Context
‘Market Cap’ is a fundamental data point frequently cited in cryptocurrency news to categorize and compare digital assets. Reports often discuss shifts in market capitalization to illustrate the performance of individual cryptocurrencies or the overall market sentiment. Understanding market capitalization is essential for assessing the scale of different digital assets and their potential investment profiles.
The crypto market shows mixed signals, with Bitcoin maintaining gains while Ethereum experiences a slight dip, all eyes on the upcoming Federal Reserve announcement.
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