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Market Cap

Total market cap

PropertyValue
CategoryMarket Data
UnitUSD
Resolution1d
AssetsBTC
TierBasic
API EndpointGET /v1/prices
Fieldmarket_cap

Overview

Market Capitalization is calculated as:

Market Cap=Price×Circulating Supply\text{Market Cap} = \text{Price} \times \text{Circulating Supply}

It represents the total USD value of all Bitcoin in circulation.

Interpretation

  • Market cap provides a high-level view of Bitcoin's relative size compared to other assets.
  • Rapid market cap growth can indicate speculative inflows; sustained growth indicates organic adoption.

Use Cases

  • Asset comparison: Compare Bitcoin's market cap to gold, equities, or other cryptocurrencies.
  • Cycle analysis: Track market cap peaks and troughs across bull/bear cycles.
  • Institutional reporting: Standard metric for institutional portfolio allocation.

API Usage

curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/prices?start_date=2024-01-01&end_date=2024-12-31&limit=365"
  • Price — BTC market price
  • Volume — 24h trading volume