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Definition · Markets

O que é Market capitalisation?

Spot price multiplied by circulating supply. A convenient comparison figure, not a measure of money invested.

Market cap assumes every unit could transact at the current marginal price, which is not true for any asset and is particularly untrue for thinly traded ones.

For Bitcoin the supply half of the calculation is at least verifiable. For most other crypto assets it depends on a reported supply figure nobody audits, which is why aggregate "crypto market cap" should be treated as an indicator rather than a measurement.

Frequentemente mal interpretado

Market cap is not money that has flowed in. A small trade at a new price revalues the entire supply on paper.

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Esta definição faz parte do glossário da Bitcoin Logical. Para a explicação completa, comece por Aprender, ou veja os números ao vivo em O Sinal Bitcoin.