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Total Market Cap: $2.440T

24h Volume: $33.050B

BTC Dominance: 67.02%

Global Market Sentiment: 37

Average Market Correlation: 0.31

The Average Correlation of all crypto pairs. An Average Market Correlation close to 1 indicates that all crypto pairs are moving in the same direction. Such a situation can be observed during a significant market crash.
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Beta

Methodology

Information related to market and risk metrics methodologies

I. Global Overview

The Global Overview section serves as a comprehensive snapshot of the current state of the crypto market. It aggregates key data points and risk metrics to provide users with an at-a-glance understanding of market trends, performance, and potential risks.
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I.1. Total Market Cap

Total Market Capitalization (Total Market Cap) in cryptocurrency refers to the total value of all tracked cryptocurrencies combined. To calculate the Total Market Cap, the following formula is used:

Total Market Cap=∑(Price of each cryptocurrency * Circulating supply of each cryptocurrency)

In simpler terms, it adds up the market capitalization of every individual cryptocurrency. Market capitalization for each cryptocurrency is calculated by multiplying the current price of the cryptocurrency by its circulating supply (the number of cryptos currently in circulation).

I.2. Total Volume 24h

Total Volume 24h in cryptocurrency refers to the total value of all tracked cryptos that have been traded in USD, USDT, BUSD, USDC and TUSD across all tracked exchanges within the last 24 hours.

This metric includes the sum of all buy and sell transactions for all cryptocurrencies within that time frame.

I.3. Global Volatility

Global Market Volatility refers to the overall degree of price fluctuations across the entire crypto market. It indicates how much and how quickly the prices of cryptocurrencies change, reflecting the level of uncertainty or risk in the market. High global market volatility means prices are rapidly moving up and down, suggesting a more unstable market, while low volatility indicates more stable and consistent price movements across the crypto market.

Global Market Volatility is calculated using the daily returns of the Total Market Cap over the last 30 days and is then annualized to provide a standardized measure of market risk.

I.4. Global Relative Strength Index (RSI)

The Global Relative Strength Index (RSI) is a momentum indicator that measures the overall strength or weakness of the entire crypto market. It is calculated based on recent price changes, over a 14-day period, and is expressed as a value between 0 and 100.
A high RSI (above 70) suggests the market is overbought, indicating potential for a price correction, while a low RSI (below 30) indicates the market is oversold, potentially signaling a buying opportunity. The Global RSI provides a quick snapshot of market momentum and helps identify potential trend reversals.

The Relative Strength Index (RSI) is calculated using the following formula:

RSI = 100 - ( 100 / ( 1 + RS ) )

Where RS is calculated as:

RS = EWMA Gains of Total Market Cap over the last 14 days / EWMA Losses of Total Market Capover the last 14 periods

Where EWMA is the Exponentially Weighted Moving Average of Gains (Losses) of Total Market Cap with the parameter Alpha

EWMA being computed over the last 14 periods, we set the parameter Alpha = 2 / (1 + N), where N = 14 periods

Note that for the displayed Global Relative Strength Index in the Global Overview, the EWMA is computed over the last 14 days.

I.5. Average Correlation

The Average Correlation across all cryptos measures how similarly the prices of different cryptocurrencies move in relation to each other. It is calculated by averaging the pairwise correlations between the price movements of all tracked cryptos pairs in the market.

A high Average Correlation indicates that most cryptos tend to move in the same direction, either up or down, while a low Average Correlation suggests more independent price movements among cryptos.
This metric helps assess the overall interconnectedness of the crypto market.

The Average Correlation is calculated as the average of all correlations between all cryptos' Hourly Returns over 30 days

II. All Cryptocurrencies table

The All Cryptocurrencies (homepage) table provides a comprehensive, real-time ranking of cryptos based on market capitalization, featuring key market metrics like price, 24-hour percentage change, trading volume, and circulating supply, and key risk metrics like Volatility and Beta. It’s a quick, user-friendly snapshot for tracking the performance and trends of leading digital assets in the market.
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II.1. Prices and Volumes 24h

Prices and Volumes 24h for each crypto are continuously updated in real time, sourced and agregated from multiple tracked exchanges through API integration. This ensures that the data reflects the most current market conditions across a range of trading platforms.

The Price of each crypto is calculated as the Volume-Weighted Average across all tracked exchanges, considering only crypto/stablecoin (or crypto/fiat USD) trading pairs.

The 24h Volume is determined by summing the trading volumes across all tracked exchanges, again using only crypto/stablecoin (or crypto/fiat USD) pairs for the calculation.

II.2. Circulating Supply

For a crypto, the Circulating Supply refers to the total number of coins that are currently available and actively circulating in the market. It excludes coins that are locked, reserved, or otherwise unavailable to the public. Circulating supply is necessary for calculating the market capitalization

The Supply data (Circulating Supply, Total Supply and Max Supply) are provided by CoinGecko API
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II.3. Market Cap

Market cap (or Market Capitalization) in the crypto world is the total value of a crypto. It is calculated by multiplying the current price of a single crypto by the Circulating Supply. The formula is:

Market Cap = Crypto Price * Circulating Supply

It’s a key indicator of a crypto’s size and relative value in the market, often used to compare different cryptos. A higher market cap generally indicates a more established or dominant crypto.

II.4. Volatility

The Volatility of a crypto refers to the degree of variation in its price over a specific period of time. It reflects how much and how quickly the price of the crypto fluctuates. High volatility means the price experiences large, frequent swings, while low volatility indicates more stable price movement.

It is computed as the Annualized Historical Volatility of the Daily Returns over the last 30 days.

II.5. BTC and ETH Correlations

BTC and ETH Correlations measure how a crypto is correlated respectively with BTC (Bitcoin) and ETH (Ethereum) over the last 30 days to understand how the crypto price moves in relation to BTC and ETH.

For example, a high positive BTC correlation means the crypto tends to move in the same direction as BTC, while a negative correlation indicates they move in opposite directions. A correlation close to zero suggests no strong relationship between their price movements. This helps to assess how much the crypto’s performance depends on Bitcoin's and Ethereum's market behavior.

II.6. Market Correlation

The Market Correlation measure how a crypto is correlated with the total crypto market to see how its price moves relative to the overall market value.

A strong positive correlation means the crypto tends to rise and fall with the total market, while a negative correlation suggests it moves in the opposite direction. A near-zero correlation indicates little to no relationship with the broader market's movements. This helps assess the crypto’s sensitivity to overall market trends and conditions.

II.7. Beta Coefficient

The Beta coefficient measures the sensitivity of a crypto's price in relation to the overall market.

A Beta greater than 1 means the crypto is more volatile than the market, moving more dramatically in response to market changes. A Beta less than 1 indicates it is less volatile, with smaller price movements compared to the market. A Beta of 1 means the crypto moves in line with the market. It's a key indicator of risk relative to the overall market.

III. Global Analysis

The Global Analysis page offers a detailed overview of the crypto market, featuring a chart of total market capitalization, its returns distribution, a histogram of the top 10 market caps and a correlation matrix showing how the top 10 market caps relate to each other.

III.1. Total Crypto Market

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The Total Crypto Market chart displays the combined market capitalization and exchanged volumes (only pairs crypto/stablecoin (and crypto/fiat USD) are taken into account) of all crypto over time. It visually represents the overall value of the crypto market, highlighting trends, growth, and fluctuations in the total market size. This chart helps provide a big-picture view of the crypto market's performance and is useful for tracking its long-term health and dynamics.

III.2. Total Crypto Market Returns Distribution

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The Total Crypto Market Returns Distribution chart shows the frequency and range of the overall crypto market returns over a specific period. It helps visualize how often certain market return levels occur, indicating the market's performance patterns, volatility, and potential risk. This chart is useful for understanding the likelihood of gains or losses and assessing the overall market return profile.

III.3. Market Caps Distribution

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The Top 10 Market Caps Distribution chart presents the relative size of the top 10 cryptos by market capitalization. It illustrates how the market value is distributed among these leading assets, providing insight into their individual market weight and comparing their sizes within the top tier of cryptos.

III.4. Correlation Matrix

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The Top 10 Market Caps Correlation Matrix visually represents the relationships between the top 10 cryptos by market capitalization, showing how their price movements are correlated. A positive correlation indicates that the assets tend to move in the same direction, while a negative correlation shows they move in opposite directions. This matrix helps assess the interconnectedness of leading cryptos in the market.

IV. Project Chart & Risk Measures

The Project Chart & Risk Measures page offers some metrics for a specific crypto, featuring its Price and Volume chart, its Returns Distribution chart, a Beta Regression graph, and a Stress Tests Scenarios chart showing how the Price could fall following the selected stressed sceanrio.

IV.1. Crypto Historical Price and Volume

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The Historical Price and Volume chart displays a crypto’s price performance over various timeframes, integrated with volume bars to highlight trading activity. This combined view helps users assess market trends, price volatility, and the correlation between price movements and trading volumes for deeper insights.

IV.2. Returns Distribution

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The Returns Distribution chart shows the frequency and range of a crypto's returns over a specific period. It helps visualize how often certain return levels occur, indicating the asset's performance patterns, volatility, and potential risk. This chart is useful for understanding the likelihood of gains or losses and assessing the asset's overall return profile.

IV.3. Beta Regression

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The Beta Regression chart displays the sensitivity of a crypto's price movement compared to the overall market. It shows how much the crypto tends to rise or fall in response to market changes, with a higher beta indicating greater volatility relative to the market. This chart helps assess the asset's risk and its correlation with broader market trends.

IV.4. Stress Tests

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The Stress Tests chart evaluates how a crypto performs under extreme market conditions. It simulates adverse scenarios to measure the potential impact on the asset's price and volatility. This chart helps assess the resilience of the crypto during periods of market stress and uncertainty, providing insights into its risk under challenging conditions.

Each Stress Test scenario is determined by a simple and intuitive methodology:

Step 1: Define the Weekly Returns timeseries of the Total Crypto Market Cap for each sceanrio:

  • Crash Covid-19: 20.02.2020 - 13.03.2020
  • Crash Ban Mining in China: 12.05.2021 - 23.05.2021
  • Crash UST: 07.05.2022 - 12.05.2022
  • Crash FTX: 05.11.2022 - 09.11.2022
  • Drawdown 2018-2019: 05.01.2018 - 14.12.2019
  • Drawdown 2021-2022: 10.11.2021 - 21.11.2022

Step 2: For a crypto, starting from its last Weekly price, apply the Weekly Returns timeseries of the chosen sceanrio iteratively, adjusting by the Beta coefficient at each step (Beta coefficient computed over last year).

Step 3: Display the results:

In the chart above, in the red area, we can see as a projection the effect of a market crash similar to the Drawdown 2021-2022 on the Bitcoin price. Such a projection can be useful as a visual reminder when you forget, because of the FOMO, what could occurr on the market and how it could crash violently.

In the box "Stress Tests reuslts", we can see the percentage of decrease for each scenario.

Supply data provided by CoinGecko API
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