Definition
Market capitalization is the market price of one outstanding unit multiplied by the number of units counted as outstanding under the chosen methodology.
In market context
For a company, market cap commonly uses share price and shares outstanding; cryptoasset calculations may distinguish circulating, fully diluted, or other supply measures. The figure measures aggregate market value, not cash held, revenue, liquidity, or the amount that could be sold at the current price. Comparisons require consistent supply definitions and attention to concentrated ownership, thin trading, and valuation uncertainty.
Source
Use the primary source for fuller regulatory or market context.
