Crypto market
Updated
What it is
The crypto market is the combined value of all cryptocurrencies — Bitcoin, Ethereum, stablecoins and thousands of smaller tokens — tracked in real time by data aggregators such as CoinGecko. Bitcoin alone makes up more than half of total crypto value, a share known as "Bitcoin dominance." The market trades around the clock and is highly sensitive to dollar liquidity and real interest rates.
Why it matters lately
Crypto was caught in a broader risk-off move tied to the 2026 Iran war and Fed tightening: in September 2026, geopolitical tension and surging Treasury yields drove one of bitcoin's toughest macro weeks of the year, with roughly $2 billion pulled from U.S. spot bitcoin ETFs. When the Fed raised rates on September 16, 2026 for the first time since 2023, crypto-linked stocks fell further — Circle dropped more than 6%, Robinhood more than 5% and Coinbase more than 4% — while bitcoin briefly dipped toward $75,000 before rebounding above $76,000. The global crypto market capitalization stood at about $2.78 trillion on September 9, 2026, with Bitcoin dominance near 57%.
Asymmetric Analytics view
Inference (AA): As the aggregate measure of crypto's total value, this node is the summary indicator the ELSI graph watches for how dollar liquidity, Fed policy and Gulf/Iran-war risk propagate into digital-asset prices.