Except that market cap is based on trade volume, so that one percent of a bitcoin traded back and forth 100 times will equal to 1 bitcoin in market cap, so in this scenario, that loss would overshadow the entire crypto sphere if it were traded back and forth.
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What does market cap have to do with volume? Market cap is number of tokens outstanding times the price per token. Daily trading volume can fluctuate wildly. Most days, market cap has much less violent swings.