By using this site you consent to accept Mesmer Data LLC's analytics and functional cookies.
Read more by clicking 'Cookie Settings' here, or in the bottom menu.
BTC - Market Capitalization (USD)
Description
The Bitcoin Market Capitalization (Market Cap) shows the total supply valuation at current market price. Total supply includes lost and burned coins. This metric is one of Bitcoin's staple adoption metrics.
Bitcoin's USD Market Price is included for reference.
Pseudocode
for each block in blockchain:
minted_btc := block.coinbase_btc - block.fees
total_supply_btc += minted_btc
market_cap := total_supply_btc * market_price_btc(block.time)
(x,y) := (block.time, market_cap)
for each hour in blockchain:
hr_market_cap := open(blockchain[hr_start:hr_end].market_cap)
(x,y) := (hour, hr_market_cap)
for each day in blockchain:
day_market_cap := open(blockchain[day_start:day_end].market_cap)
(x,y) := (day, day_market_cap)
Technical Info
Market Capitalization is similar to price except for the steady creation of new BTC, which adds a slight amplification factor to the market cap.
- Hourly and daily aggregations are derived from block data using open for this metric. Open grouping uses the first data after a given time to represent that time.
- Hourly data contains occasional gaps; no blocks were generated during these times.
Related Metrics
Disclaimers
This site is currently in Beta, and there will likely be some bugs. If you find any, please check out the FAQ first, and then let us know! Thanks! Chart views are saved between visits, so if you have any display issues and want to reset your chart view, click here.
This site is for informational use only. Users are required to conduct their own analysis, draw their own conclusions, and make their own financial decisions. Consult with qualified professionals before making investments. This service is not intended as legal, financial or investment advice. For full details please visit our Disclaimers page.