What is the cryptocurrency market cap (market capitalisation)?

The market capitalisation of cryptocurrency is a value that indicates the market value of a cryptocurrency. The market capitalisation is calculated using the following formula:

The current market price x number of coins in circulation = the current market capitalisation of a coin

Example: The current value of Bitcoin is €65,000 and there are currently approximately 19.98 million BTC in circulation. To calculate the current Bitcoin market capitalisation, you multiply €65,000 by 19,980,000: that is approximately 1,300 billion euros (€1.3 trillion). This makes Bitcoin by far the largest cryptocurrency in terms of market capitalisation.

The market capitalisation is used to determine the value of a cryptocurrency and to compare it with other cryptocurrencies. We also know the term market capitalisation from the traditional financial world, where it represents the total value of a company. If each share is one piece of the pie, the share price multiplied by the total number of shares gives the total company value.

The total market capitalisation of all cryptocurrencies combined fluctuates around $2.2 to $2.5 trillion in early 2026. Bitcoin accounts for the largest share, followed by Ethereum. The market capitalisation of the entire crypto market can fluctuate significantly, depending on market sentiment, regulation and macroeconomic factors.

Where can you view the market capitalisation?

There are several websites that display the market capitalisation of cryptocurrency. The most commonly used are:

• CoinMarketCap: The most popular international website for viewing market capitalisations, prices and trading volumes of thousands of cryptocurrencies.
• CoinGecko: A comprehensive alternative with additional information on exchanges, DeFi and NFTs.
• Cryptotips live prices: View live crypto prices directly on our website.