Author: Editor

Market cap is a valuation snapshot, not a pool of money. If a token trades at $2 and 100 million tokens are counted as circulating, its market cap is $200 million. If the last price changes to $2.10 with the same counted supply, the displayed cap becomes $210 million.

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Cryptocurrency prices tumbled on Tuesday when the Clarity Act failed to advance out of the Senate. Crypto-related equities weren’t spared in the carnage. As one example, cryptocurrency brokerage giant Coinbase Global (COIN) slumped 10.1% after the Clarity Act procedural vote stalled.

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