MarketCap
Tech spec
| Field | Value |
|---|---|
| API name (slug) | market_cap |
| Group | marketcap |
| Unit / Valuetype | usd / marketcap |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/marketcap |
| Tier | 0 |
| Last updated | 2025-08-26 14:36 UTC |
| Docs | Open in Swagger |
Brief Description: The aggregate USD value of all Bitcoin in circulation.
MarketCap is calculated by multiplying the total circulation supply of Bitcoin by the current Bitcoin price. It reflects the market valuation of Bitcoins held by investors.
Metric variants
- _lth: MarketCap restricted to Long-Term Holders (age ≥ 155 days).
- _sth: MarketCap restricted to Short-Term Holders (age < 155 days).
Interpretation
The MarketCap to gauge market trends and determine the health and growth of the Bitcoin network.
A rising MarketCap suggests increasing investment and perceived value, while a declining MarketCap could indicate a downturn in market sentiment.
Advanced Explanation The MarketCap is calculated by multiplying the total number of bitcoins in circulation with the current price of a single bitcoin in US dollars. This metric is significant as it reflects the combined valuation of all mined bitcoins, offering a sense of the market size and value perception by investors.
MarketCap = Supply_Total * Price