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Market capitalization is a metric that can be used to value a company. It is calculated by multiplying a company's outstanding shares by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to using sales or total asset figures. It is also often used to determine how the stock market as a whole is performing.
August proved to be one of the toughest months for the crypto market, marked by a significant decline in overall market capitalization, which fell to a six-month low of $1.96 trillion amid what analysts called “Black Monday.” This downturn saw Bitcoin (BTC) plummet from $68,000 to approximately...
After stealing the thunder of cryptocurrency in September 2021, Cardano fell about 90%. Its native token, ADA, lost its position in the top 10 cryptocurrencies as a result of significant losses in market capitalization. Related Reading: RENDER Flashes Red...
September, a month historically marked by market weakness, has been living up to its reputation so far this year, with equities losing over $1 trillion in total market capitalization in a single session earlier. One trader, however, likely made...
The Solana price soared to an ATH of $250 in 2021, becoming one of the fastest growing crypto projects in the L1 sector. While the Solana market capitalization has hit new highs thanks to its bustling meme coin trading activity, the Solana price hasn’t followed. Due to inflation, more Solana tokens are circulating than in
Sentiment in the cryptocurrency market has dipped into “extreme fear” after the price of the flagship cryptocurrency Bitcoin ($BTC) dropped to $53,500 in a massive downturn that has seen the space’s total market capitalization dip below the $2 trillion...
The stock market’s benchmark index, the S&P 500, has seen its total market capitalization drop by around $1.7 trillion so far in September ahead of expected interest rate cuts from the Federal Reserve later this month. According to the...