![]() This volatility attracts investors who hope to buy when the price is low and sell at its peak, turning a profit. The price of Bitcoin has been erratic, and most other cryptocurrencies follow its larger price swings. This gives cryptocurrency investors an idea of the overall market size, and watching the evolution of the measure tells how much money is flowing in or out of each cryptocurrency. However, cryptocurrency analysts calculate it as the price of the virtual currencies times the number of coins in the market. Market capitalization is a financial measure typically used for publicly traded firms, computed by multiplying the share price by the number of outstanding shares. Bitcoin's market cap made up the majority of the overall market capitalization. ![]() This was attributed to China's effort to stem mining and the expansion of cryptocurrencies within the country. ![]() It is estimated that the cumulative market cap of cryptocurrencies went down dramatically between from May 2021 and June 2021, as digital coins became less likely of an investment tool. Weekly market cap of all cryptocurrencies combined up until November 2022 ![]()
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