BITCOIN MARKET CAP

What does this chart measure?

Bitcoin's market cap, also called its total network value, is one multiplication: how many coins exist, times the price of one coin. Nothing else goes into it. On 14 Oct 2026 that came to $1.63 trillion.

Is that money sitting somewhere?

No. It is a price tag, not a pile of cash. Nobody could sell every Bitcoin at the latest price, because selling would move the price long before the last coin found a buyer. The figure says what the most recent trade implies about all the coins at once, which is a useful thing to track and is not money that exists anywhere.

Why does it move almost exactly like the price?

Because the other half of the multiplication barely changes. The number of coins grows by less than one percent a year and slows every four years, so nearly every move you see in this total is the price moving rather than the supply changing.

How is this different from what everyone paid?

Market value counts every coin that exists at the latest price. Its twin, realized value, counts each coin at the price it last moved at instead. So this one re-prices every coin the moment the market does, and its twin only moves when coins actually change hands. The gap between the two is the paper profit the market is sitting on. It has gone the other way: on 653 of the 5,401 days both totals cover, all Bitcoin was worth less than the market had paid for it, most recently on 12 Jan 2023. Open what everyone paid.

Are lost coins counted?

Yes. Coins whose owners have lost the secret that moves them are still in this total, because the chain cannot tell a lost coin from a patient one. Nobody knows how many there are, so every estimate of a smaller total is a guess laid over this one.

How often does it change?

The record steps one day at a time and holds complete days only, so the newest reading is the last full day, 14 Oct 2026. The live price in the header moves through the day; this page does not.