Crypto market cap explained: Bitcoin vs gold and Apple

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Market capitalization shows how large a coin is valued in the market and exposes the fallacy of cheap unit prices. We explain the formula, Bitcoin dominance and FDV with current figures and show why Bitcoin, at $1.53 trillion, trails far behind gold.Gold puts around 18 times as much market capitalization on the scale as Bitcoin.Add as a preferred source on GoogleFollow on Google NewsThe market capitalization of a cryptocurrency is its price multiplied by the number of coins currently in circulation. The figure tells you how much the market would pay for all circulating units of a coin combined if each were valued at the current price. On Friday morning, November 6, the entire crypto market came to around $2.58 trillion according to data from CoinGecko, the equivalent of about 2.30 trillion euros. Bitcoin alone accounted for a good $1.53 trillion of that. The figure is the main sorting key of every crypto list, from the ranking on CoinMarketCap to our overview of the largest coin...