What is Bitcoin market capitalization?
An asset’s market capitalization represents the combined value and movement of its entire existing supply. For Bitcoin market capitalization (MarketCap.BTC), the chart shows the price of 1 BTC multiplied by the total number of existing coins. The measure is approximate because many coins are considered lost and will never return to the market. Nevertheless, financial analysts use it to assess the overall condition of the leading cryptocurrency’s market.
Bitcoin market capitalization (MarketCap.BTC chart)
How is the Bitcoin market cap chart calculated?
Bitcoin market capitalization is calculated as follows: MarketCap.BTC = price of 1 BTC * total BTC supply, where:
- Price of 1 BTC is Bitcoin’s market price at a given point in time.
- Total BTC supply is the number of coins in existence at a given point in time.
The BTC price and the number of existing coins constantly change, so Bitcoin’s market capitalization follows its own dynamics, which differ from the regular price chart.
Bitcoin price chart (BTC/USD)
Bitcoin market capitalization by year
Although BTC price data is available from 2011, the MarketCap.BTC capitalization chart dates back to 2014, when it was launched by TradingView.
| Year | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| 2025 | $1.85 trillion | n/a | n/a | n/a | n/a |
| 2024 | $828.22 billion | $1.85 trillion | $2.15 trillion | $755.12 billion | +123.37% |
| 2023 | $318.2 billion | $828.13 billion | $874.82 billion | $317.44 billion | +160.31% |
| 2022 | $874.93 billion | $318.13 billion | $915.85 billion | $297.31 billion | -63.6% |
| 2021 | $539.04 billion | $874.03 billion | $1.3 trillion | $515.6 billion | +62.19% |
| 2020 | $129.94 billion | $538.89 billion | $544.6 billion | $71.27 billion | +314.88% |
| 2019 | $64.51 billion | $129.89 billion | $246.44 billion | $58.15 billion | +101.53% |
| 2018 | $231.81 billion | $64.45 billion | $289.11 billion | $54.49 billion | -72.2% |
| 2017 | $15.67 billion | $231.81 billion | $334.91 billion | $12.1 billion | +1380.86% |
| 2016 | $6.47 billion | $15.65 billion | $15.83 billion | $5.3 billion | +142.02% |
| 2015 | $4.38 billion | $2.08 billion | $7.42 billion | $6.47 billion | +47.54% |
| 2014 | $5.72 billion | $4.38 billion | $8.77 billion | $3.67 billion |
Frequently Asked Questions (FAQ)
➤ What is Bitcoin market capitalization in simple terms?
Bitcoin market capitalization is the market value of the total BTC supply. It is one of the most important measures for assessing the size and condition of the largest cryptocurrency’s market. A high market capitalization generally indicates an asset’s success.
➤ Why is Bitcoin market capitalization important?
Bitcoin’s market capitalization, like that of any asset, is considered one of the most important measures of its value and overall market condition. Many financial analysts use both the BTC price chart and its market capitalization chart.
➤ What is the formula for Bitcoin market capitalization?
The formula is: MarketCap.BTC = 1 BTC * total BTC supply. It represents the price of one BTC multiplied by the total number of existing coins.
