Total market cap represents the aggregate value of all circulating digital assets in the cryptocurrency market. This metric is calculated by summing the market capitalization of every individual cryptocurrency. It serves as a comprehensive indicator of the overall size and scale of the entire digital asset economy.
Context
Total market cap is a widely cited metric for gauging the health and growth trajectory of the cryptocurrency market as a whole. Discussions often compare its movements to traditional financial markets to assess investor sentiment and risk appetite. Fluctuations in this value provide a high-level view of capital flows and investor interest across the entire digital asset landscape.
The crypto market is experiencing a downturn driven by increasing regulatory scrutiny, a broad unwinding of leveraged derivatives, and key technical breakdowns.
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