The total value of the crypto currency market is near $2 trillion

[Leviathan.007]

Following the upward trend in the crypto currency market, the total value of the crypto currency market set a new historical record and was near $2 trillion.
According to CoinGecko and CoinMarketCap, the total market value of crypto currencies on March 31 exceeded $ 1.9 trillion. The total market reached $ 1.99 trillion earlier in the day, setting a new record in history.
After the next correction, the total value of the cryptocurrency market fell slightly to $ 1.89 trillion at the time of writing.
The crypto currency market has surpassed Saudi oil giant Aramco, the world's second most valuable company after Apple, to reach its all-time high. According to TradingView, Aramco’s Saudi is worth about $ 7 trillion, or $ 1.86 trillion at the time of writing.
After surpassing Google's market cap of $ 1.4 trillion in February, it now surpasses the world's largest companies, including Amazon and Microsoft. At this moment of writing this post, the market value of Amazon and Microsoft is $ 1.5 trillion and $ 1.7 trillion.

Source: https://cointelegraph.com/news/total-crypto-market-capitalization-posts-new-all-time-high-above-1-9t

[BrewMaster]

that is not the total "value" it is the total "market cap".
market capitalization can only represent value if every single coin (supply) in this entire market was real and has been bought. when coins have massive premines and huge amounts of supply that is never entering circulatation that means that supply must never be considered in calculation of the market cap while it is.

for example you can create a coin that has a supply of 1 trillion coin and only sell 100 of it on the market. assuming each coin could get the price of equal to $1 that means you have created a coin with a market capitalization equal to $1 trillion while the real market capitalization is actually $100.
unfortunately this is the case for 90% of the altcoins!

for this reason this market can not be compared with other markets for example you can't compare it with Google because when Google's market cap is $1.4 trillion every single piece of share is accounted for. they can't create any out of thin air.

[Gozie51]

I think you mean cryptocurrency market capitalization. Yes it is getting to $2 trillion.
It was around $1.88t when I checked hours ago but now presently at $1.90t with 3.13% decrease, meaning it was more than $1.90t earlier.

This is the breakdown below

The global crypto market cap is $1.90T, a 3.13% decrease over the last day.Read less
The total crypto market volume over the last 24 hours is $165.59B, which makes a 17.17% increase. The total volume in DeFi is currently $12.89B, 7.78% of the total crypto market 24-hour volume. The volume of all stable coins is now $118.81B, which is 71.75% of the total crypto market 24-hour volume.

Bitcoin's price is currently $59,076.17.

Bitcoin’s dominance is currently 58.00%, an increase of 1.63% over the day.

[goldade]

Like those before me pointed out, what you're actually talking about is the market capitalization which is actually just a potential figure if all the coins in the crypto currency market were to be sold. In reality, this figure is not true because of the so many altcoins popping up everyday that are actually shit coins.
It'd be wrong to compare the capitalisation of the crypto market to Google and Amazon where every penny is real and accounted for

[verita1]

It fills me with optimism to review this data every time I visit my favorite website Coingecko. This figure remains on the rise as we know due to the rising price of bitcoin, ether and all Cryptocurrencies. Hopefully we continue to see the growth of our ecosystem and earn more capital from investors.
The ecosystem grows every day but only those projects that demonstrate their work and that satisfy the needs of the users will survive.

[DapanasFruit]

that is not the total "value" it is the total "market cap". market capitalization can only represent value if every single coin (supply) in this entire market was real and has been bought. when coins have massive premines and huge amounts of supply that is never entering circulatation that means that supply must never be considered in calculation of the market cap while it is.

for example you can create a coin that has a supply of 1 trillion coin and only sell 100 of it on the market. assuming each coin could get the price of equal to $1 that means you have created a coin with a market capitalization equal to $1 trillion while the real market capitalization is actually $100. unfortunately this is the case for 90% of the altcoins!

for this reason this market can not be compared with other markets for example you can't compare it with Google because when Google's market cap is $1.4 trillion every single piece of share is accounted for. they can't create any out of thin air.

Yes, you are right. Thanks for pointing this out here. Seems that we are fixated with figures that we forget the behind the scenes kind of thing. While we love to compare Bitcoin with other top global corporations, we have to remember that those entities are having real products and services which can not really be compared with Bitcoin. I am not saying that Bitcoin has no value but I think cryptocurrency must be belonging to another category.

[Silberman]

that is not the total "value" it is the total "market cap".
market capitalization can only represent value if every single coin (supply) in this entire market was real and has been bought. when coins have massive premines and huge amounts of supply that is never entering circulatation that means that supply must never be considered in calculation of the market cap while it is.

for example you can create a coin that has a supply of 1 trillion coin and only sell 100 of it on the market. assuming each coin could get the price of equal to $1 that means you have created a coin with a market capitalization equal to $1 trillion while the real market capitalization is actually $100.
unfortunately this is the case for 90% of the altcoins!

for this reason this market can not be compared with other markets for example you can't compare it with Google because when Google's market cap is $1.4 trillion every single piece of share is accounted for. they can't create any out of thin air.

This not only makes the market capitalization a very deceiving metric it also artificially lowers the bitcoin dominance, right now according to most websites the bitcoin dominance is close to 55% but that is completely false, the real market dominance of bitcoin is above 90% especially if we do not count centralized currencies which go against the most basic principles of this market, this creates the illusion that altcoins are a lot more popular than what they actually are making more people to invest in them which will not have done it otherwise.

[so98nn]

Dam those numbers for different brands, it’s crazy! If there is anything that’s overtaking those brand is the crypto space. I believe (after reading) it is not just market cap of btc itself but the whole crypto space. So we will have to assume the total market, all the coins and money invested in all of them even if it is shit coin to form a single entity here. The only good thing is btc constitute Lion portion of the whole market and keeping it alive all the time.

Though it’s virtual, the money is still real since we have bought all the crypto by trading the Fiat for it. I’m not sure how they are taking into consideration the stuff where btc to alt or alt to btc swap occurs? But in any case it is still health market.

[yhiaali3]

When you talk about an entire market, I think that it should not be compared to companies such as Google or Apple, because the cryptocurrency market contains thousands of companies that each own a specific coin and therefore I think that the comparison here is not accurate, in my opinion the cryptocurrency market should be compared with the global money markets Thus the scale will be more accurate.
Also, the market value of cryptocurrencies is volatile and not fixed like monetary currencies, it is true that it has risen a lot now, but if the correction comes and the value of the currencies decreases, the market value will decrease dramatically as well.

[Sithara007]

I don't know whether market capitalization of cryptocurrencies can be take as an accurate figure, because in case of Bitcoins the lost coins (which may amount to up to 20% of the circulating supply are included within this figure). And in case of many of the altcoins, the market cap figure is artificially kept high, due to the promoters keeping their holdings in cold storage and not in free-float (this is especially true in case of altcoins such as XRP).

[Sterbens]

Like those before me pointed out, what you're actually talking about is the market capitalization which is actually just a potential figure if all the coins in the crypto currency market were to be sold. In reality, this figure is not true because of the so many altcoins popping up everyday that are actually shit coins.
It'd be wrong to compare the capitalisation of the crypto market to Google and Amazon where every penny is real and accounted for

For me personally, whether this achievement is accurate or not, I am very happy because the crypto space is a part that will be reckoned with in the future. and this is still the beginning to become a leader based on a market capitalist. We are happy as crypto users, even if in reality these figures are inaccurate. I still believe that data can always be manipulated.
Regardless of the calculation in the past year, we believe cryptocurrency will lead the world in the market industry.

[fiulpro]

Following the upward trend in the crypto currency market, the total value of the crypto currency market set a new historical record and was near $2 trillion.
According to CoinGecko and CoinMarketCap, the total market value of crypto currencies on March 31 exceeded $ 1.9 trillion. The total market reached $ 1.99 trillion earlier in the day, setting a new record in history.
After the next correction, the total value of the cryptocurrency market fell slightly to $ 1.89 trillion at the time of writing.
The crypto currency market has surpassed Saudi oil giant Aramco, the world's second most valuable company after Apple, to reach its all-time high. According to TradingView, Aramco’s Saudi is worth about $ 7 trillion, or $ 1.86 trillion at the time of writing.
After surpassing Google's market cap of $ 1.4 trillion in February, it now surpasses the world's largest companies, including Amazon and Microsoft. At this moment of writing this post, the market value of Amazon and Microsoft is $ 1.5 trillion and $ 1.7 trillion.

Source: https://cointelegraph.com/news/total-crypto-market-capitalization-posts-new-all-time-high-above-1-9t

Firstly I do not think that we would be able to calculate the market value of cryptocurrencies that easily. There are many things that are uncertain and this would not only be arbitrary but this is just the price that one can perceive.

You cannot do here :
Total Number of cryptos × Price , then find a summation of all the cryptos out there.

This is not how it would work. We do need different methods since there are many  cryptos whose value might reflect differently. There are lost coins also. If we do believe the stats surprisingly 20 million coins are lost forever. (in BTC only)] ( but that also serves dual purpose , they are more like HODL situation here )

Plus I think we also have to introduce the scope of future here since the value would this way change every second. But you know they are tackling the biggest markets if we go according to the conservative calculations. So kudos.

[franky1]

brew master is right

a kind of more fair valuation would be to take all the UTXO and to 'price' each coin based on when it last moved as most people 'value' coin when then send/receive it

at the moment the 18,673,250 coins in circulation has a utxo movement value total of about $328bill

(research: realized cap)

[wiss19]

According to TradingView, Aramco’s Saudi is worth about $ 7 trillion, or $ 1.86 trillion at the time of writing.

7 trillion in Saudi Riyal? (also Saudi's Aramco)

If we do believe the stats surprisingly 20 million coins are lost forever. (in BTC only)] ( but that also serves dual purpose , they are more like HODL situation here )

So far only 18.6 million bitcoin has been mined out.


$2 trillion is really good, it shows how much we are progressing. I used to think that Apple was worth around $1 trillion until I saw this post and decided to check it on Google and now I come to know they worth up to $2 trillion and that’s really huge.But I believe the cryptocurrency market will be passing that worth in a short time. Then we will start looking at each cryptocurrency, which would be the first to reach the trillion mark, I know for sure that it’s going to be Bitcoin. As for altcoins I don’t know which one is going to cross that mark first, although there is more possibility that it will be Ethereum.

[Poker Player]

$2 trillion is really good, it shows how much we are progressing. I used to think that Apple was worth around $1 trillion until I saw this post and decided to check it on Google and now I come to know they worth up to $2 trillion and that’s really huge.But I believe the cryptocurrency market will be passing that worth in a short time. Then we will start looking at each cryptocurrency, which would be the first to reach the trillion mark, I know for sure that it’s going to be Bitcoin. As for altcoins I don’t know which one is going to cross that mark first, although there is more possibility that it will be Ethereum.

Slightly more than half is due to Bitcoin which currently holds $1.08T. A good website to compare market caps is this one:

https://companiesmarketcap.com/assets-by-market-cap/

When we reach $100k in price we will have surpassed Silver, Google and Amazon market caps, provided that they don't change much from now until then.

[larus]

Thats bull run has imporoved our industry drammaticly, hah

[Wind_FURY]

brew master is right

a kind of more fair valuation would be to take all the UTXO and to 'price' each coin based on when it last moved as most people 'value' coin when then send/receive it

at the moment the 18,673,250 coins in circulation has a utxo movement value total of about $328bill

(research: realized cap)

Does that matter? The Bitcoins bought at mere cents during 2011, and HODLed can be sold at the current market price today. That would make sense if ONLY those 2011 coins, or whatever year they last moved, can only be sold for the last price they last moved.

[avikz]

Following the upward trend in the crypto currency market, the total value of the crypto currency market set a new historical record and was near $2 trillion.
According to CoinGecko and CoinMarketCap, the total market value of crypto currencies on March 31 exceeded $ 1.9 trillion. The total market reached $ 1.99 trillion earlier in the day, setting a new record in history.
After the next correction, the total value of the cryptocurrency market fell slightly to $ 1.89 trillion at the time of writing.
The crypto currency market has surpassed Saudi oil giant Aramco, the world's second most valuable company after Apple, to reach its all-time high. According to TradingView, Aramco’s Saudi is worth about $ 7 trillion, or $ 1.86 trillion at the time of writing.
After surpassing Google's market cap of $ 1.4 trillion in February, it now surpasses the world's largest companies, including Amazon and Microsoft. At this moment of writing this post, the market value of Amazon and Microsoft is $ 1.5 trillion and $ 1.7 trillion.

Source: https://cointelegraph.com/news/total-crypto-market-capitalization-posts-new-all-time-high-above-1-9t

Is it value or market cap? These two parameters are entirely different. Market cap is not the correct way to measure the strength of the crypto market. It is just a tentative indication of the financial strength of a particular asset.

But it is a good news generally  it shows the in reasee adoption and awareness about the cryptocurrencies among the mass which is greatly required. With the next halving in mind, I am sure this value or market cap will further increase and probably reach the next trillion dollar milestone pretty soon!

[Babn]

So are you saying that market caps are not real in Crypto, because there is no delisting service for altcoins that are no more active. okay thats an idea on on its own

[Myleschetty]

So are you saying that market caps are not real in Crypto, because there is no delisting service for altcoins that are no more active. okay thats an idea on on its own

No, he's (avikz) not saying market caps are not real in crypto and he seems to correct the OP that crypto market value is hard to calculate which I believe he right because the trade is done on OTC are not available to the online market.