The Total Market Cap for all cryptocurrencies currently stands at nearly $220 billion. You can track and chart this data on TradingView by typing "TOTAL" or "CRYPTO MARKET CAP" into the search bar or by visiting the Total Market Cap page: www.tradingview.com/...cies/global-charts/.
Total Market Cap is an important metric to follow because it can highlight the overall health of the crypto ecosystem. The Total Market Cap for all cryptocurrencies is exactly as it sounds: it is every cryptocurrency added up and displayed as one data point. For example, the market cap of Bitcoin + the market cap of Ethereum + the market cap of Litecoin and so on. Following the total market cap can be an effective gauge to measure the universe of cryptos and how they're trading as a whole.
On the TradingView Total Market Cap page (link shown in the first paragraph above), you can also chart Total Market Capitalization Excluding Bitcoin and the Total Market Capitalization Dominance for each crypto as a percentage. Both of these charts can help you better understand the cryptocurrency landscape. By subtracting Bitcoin, you can evaluate the health of all cryptocurrencies without Bitcoin. This can unlock some insight into Altcoins or if the market is moving in a direction despite Bitcoin. By viewing each cryptocurrency as a percentage of the total crypto market cap, you can see how big a crypto is relative to everything else.
We hope this guide helps and that the Total Market Cap page can aid you with your analysis. Please leave a comment if you have questions or feedback. We're also interested to hear your thoughts on these tools, so please keep the discussion going by attaching a chart or analysis of your own.
Total Market Cap is an important metric to follow because it can highlight the overall health of the crypto ecosystem. The Total Market Cap for all cryptocurrencies is exactly as it sounds: it is every cryptocurrency added up and displayed as one data point. For example, the market cap of Bitcoin + the market cap of Ethereum + the market cap of Litecoin and so on. Following the total market cap can be an effective gauge to measure the universe of cryptos and how they're trading as a whole.
On the TradingView Total Market Cap page (link shown in the first paragraph above), you can also chart Total Market Capitalization Excluding Bitcoin and the Total Market Capitalization Dominance for each crypto as a percentage. Both of these charts can help you better understand the cryptocurrency landscape. By subtracting Bitcoin, you can evaluate the health of all cryptocurrencies without Bitcoin. This can unlock some insight into Altcoins or if the market is moving in a direction despite Bitcoin. By viewing each cryptocurrency as a percentage of the total crypto market cap, you can see how big a crypto is relative to everything else.
We hope this guide helps and that the Total Market Cap page can aid you with your analysis. Please leave a comment if you have questions or feedback. We're also interested to hear your thoughts on these tools, so please keep the discussion going by attaching a chart or analysis of your own.
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