Crypto Market Cap Fluctuations: More Than Meets the Eye

The cryptocurrency market's total value has been reported to surge by as much as $170 billion in a single day, but this figure is not always accurate or reliable.

Market aggregators such as CoinMarketCap and TradingView use different data sources and update times to calculate the total market cap. This can result in varying results, with some showing significant increases while others show little change.

A key factor to consider when interpreting changes in the market is that the total market cap is a price-derived snapshot rather than an actual measure of cash inflows. A rapid repricing across large assets can add or subtract hundreds of billions from the market cap without corresponding net deposits.