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Crypto Market Down ~19% YTD (year to date)–$570 Billion Erased as Bitcoin Near $69,000

According to a social media post, roughly $570 billion has been erased as total crypto market capitalization (total value of all cryptocurrencies) fell about 19% YTD (year to date), while Bitcoin trades near $69,000.

BTC

Summary

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Terms & Concepts
  • Market capitalization: The total value of all cryptocurrencies in circulation, calculated by price multiplied by circulating supply.
  • YTD (year to date): A performance period starting on January 1 and running up to the current date.