Market Cap
Total market cap
| Property | Value |
|---|---|
| Category | Market Data |
| Unit | USD |
| Resolution | 1d |
| Assets | BTC |
| Tier | Basic |
| API Endpoint | GET /v1/prices |
| Field | market_cap |
Overview
Market Capitalization is calculated as:
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"