How does Coingecko calculate the market cap of BTC?

3 answers

• Dec 16, 2021 · 3 years ago
  Coingecko calculates the market cap of Bitcoin (BTC) by multiplying the current price of BTC by the total supply of BTC. This gives us the total value of all the BTC in circulation. It's a simple formula: Market Cap = Price * Total Supply. Coingecko updates the price and supply data in real-time to provide the most accurate market cap value.
  343172
• Dec 16, 2021 · 3 years ago
  To calculate the market cap of BTC, Coingecko takes into account the current price of BTC and multiplies it by the total number of BTC in circulation. This gives us an estimate of the total value of all the BTC in the market. Coingecko uses data from various exchanges to determine the current price and tracks the total supply of BTC from the blockchain. By multiplying these two values, Coingecko calculates the market cap of BTC.
  432144
• Dec 16, 2021 · 3 years ago
  Coingecko calculates the market cap of Bitcoin (BTC) by taking the current price of BTC and multiplying it by the circulating supply of BTC. The circulating supply refers to the number of BTC that is currently in circulation and available for trading. Coingecko obtains the price data from various exchanges and tracks the circulating supply from the blockchain. By multiplying these two values, Coingecko calculates the market cap of BTC. It's important to note that the market cap can fluctuate based on the price and supply changes.
  535134