Bitcoin on Friday fell to its lowest level in more than three weeks, dipping below $22,000 amid a sudden crypto sell-off in early European trading. Crypto Market Cap We calculate a cryptocurrency’s market cap by taking the cryptocurrency’s price per unit and multiplying it with the cryptocurrency’s circulating supply. The formula is simple: Market Cap = Price * Circulating Supply. Circulating supply refers to the amount of units of a cryptocurrency that currently exist and can be transacted with.
Aave (AAVE) was trading with a gain of 6.11 per cent at $61.96 and its 24-hour trading volume uplifted by 34.35 per cent at $71.42 million. High performing teams Interestingly, Bitcoin's price trends appeared to mimic those of the stock market from November 2021 through June 2022, suggesting that the market was treating it like a stock.