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The total cryptocurrency market cap today is $1,204,180,224,074. This constitutes a drop of -2.75% in the last 24 hours. Following that, the 24-hour crypto trading volume is $77,446,808,090, which signals a decrease of -3.01%. Learn More Read Less
Total crypto market cap-wise, the overall number of cryptocurrencies tracked is 20,629. These include both crypto coins, as well as token projects. In turn, when it comes to trading volume, there are 1,668 exchanges being tracked.
Understanding the key total crypto market cap & volume chart numbers is essential for any successful trader and investor. The chart can reveal both the global trading patterns, as well as the current and historical trends that the market has found itself in.
Looking at the total crypto market cap charts and general crypto market overviews isn't enough - it's important to also analyze the total volumes that each popular exchange possesses. By doing so, you will be able to get a better understanding of which exchanges have the most activity & trust, and thus, house the most trades.
Experienced traders use metrics such as BTC dominance to learn about the current market sentiments, as well as how the general crypto market reacts to certain changes in that dominance level.
While market cap can seem like a huge and intimidating number, this can be mitigated by breaking it down into smaller parts, and seeing which crypto coins & tokens possess the highest total crypto market capitalization stats.
Analysis of the total crypto market cap charts can lead you to find some seemingly perfect trading opportunities. However, if you plan to actively trade on the the Ethereum network, keep in mind that timing the best gas prices may always help you lower your trading costs!
If you were to look at the total crypto market cap chart alone, that wouldn't necessarily provide a lot of useful information. However, being able to observe the top crypto exchanges on the market (by trading volume), as well as the top cryptocurrencies (by market cap), is a whole different story.
This information will allow you to identify the key names, as well as understand how much market dominance they have, thanks to the associated percentage values with both exchanges and crypto assets, alike.
Generally speaking, yes - a high cryptocurrency market cap is seen as a good thing, since it means that there’s a lot of money coming into the crypto market. If the total crypto market cap charts showcase a consistent upwards trend, it essentially means that the market might be in a bull run, and that there’s a lot of excitement and hype surrounding some of the biggest crypto projects.
A low crypto trading volume means that the particular cryptocurrency in question isn’t very popular, and not many people trade it. This is common with newer and smaller projects. On the flip side, if an exchange platform has a low trading volume, this usually signals that traders aren’t keen on using it, and are searching for alternatives.
The cryptocurrency that makes up the majority of the total crypto market cap, and that has the highest standalone market cap, is Bitcoin. It’s the most popular crypto project in the world, followed by the likes of Ethereum (ETH), the Tether stablecoin (USDT), the Binance Coin (BNB), and a few other major projects.
Yes - if a crypto exchange has a high trading volume, it usually signals that many traders trust the platform, and choose it for their trading and investing needs. Larger and more well-known exchanges usually have significantly higher market caps than their less-known or niche-specific counterparts, and thus, are responsible for a major part of the total crypto market cap charts.
The dominance score of a specific cryptocurrency showcases where that crypto stands, from the perspective of a general crypto market overview - or, in other words, what’s its valuation relative to the rest of the market. Dominance is usually measured with Bitcoin and Ethereum, but the metric can be applied to any other crypto asset, as well. A high BTC dominance, for example, is often seen as a positive thing, since it means that people are investing more into Bitcoin than into other cryptocurrencies.
Cryptocurrency gas fees are paid when transacting on the Ethereum network, in the form of Gwei - a specific denomination of ETH, used for just this purpose. The gas fees that you pay will depend on market activity, network congestion, the speed at which you want your transaction to be completed, as well as a myriad of other circumstances. Traders pay gas fees so that the validators would keep on confirming the transactions happening on the blockchain, and thus, keep the network safe - it can be seen as a type of service fee.
Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.
Market Capitalization = Circulating Supply x Current Price.Learn this metric
It is a quantitative metric calculating how many cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours on the market. It's a direct supply & demand indicator of the market.Learn this metric
The total number of coins/tokens available to be traded.Learn this metric
The total number of exchanges that are forming the cryptocurrency market. This metric includes centralized (CEX) & decentralized (DEX) exchange metrics that may have an active or inactive status at the current moment.Learn this metric