Total Market Value

Definition ∞ Total Market Value represents the aggregate valuation of all outstanding units of a particular digital asset or the entire cryptocurrency market. For a single asset, it is calculated by multiplying its current price by the total circulating supply. This metric provides a comprehensive measure of an asset’s or market’s size and significance within the broader financial landscape. It serves as a key indicator for assessing overall market health and investor sentiment.
Context ∞ Total Market Value is a widely reported metric in crypto news, used to track the performance of individual digital assets and the entire sector. Fluctuations in this value often drive headlines, reflecting periods of growth, contraction, or stability. Understanding this figure is essential for gauging the scale of the digital asset economy and its impact on global finance.