Cryptocurrencies
The Tricky Business of Calculating Crypto’s Market Value
From the boom to crypto winter, is there a way to determine the true value of digital assets?
A screen displaying the price of Bitcoin during the Bitcoin 2022 conference in Miami, Florida, in April.
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
This crypto winter is still blowing cold and it’s not clear when or if a so-called spring will arrive.
The losses have affected the entire cryptocurrency ecosystem, from hedge funds, to lenders, to countless individual retail investors. By most calculations, $2 trillion worth of value has been wiped out.