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THE MARKET, IN PERSPECTIVE

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Markets / Explainer

Market cap is not the amount of money invested

Price × circulating supply: a useful measure with important limits.

Editorial illustration of digital paymentsEditorial illustration · not a photograph of a news event

Market capitalization multiplies a quoted price by circulating supply. It helps compare asset size, but it does not measure cash invested or the amount that can be sold at that price.

Liquidity, trading volume and supply methodology add context. An asset with thin trading can have a large reported capitalization.

Original source: CoinGecko

Keep exploring

Payments / Explainer

Your next wallet might look very different

A closer look at digital wallets, stablecoins and the infrastructure behind cross-border payments.

BIS · 09/23/2026
Digital payments editorial illustration
On-chain / Explainer

A whale transfer does not always mean a sale

Read the transaction before drawing a conclusion.

Ethereum.org · 09/23/2026
Digital payments editorial illustration