On September 23, 2023, the total market capitalization of the cryptocurrency sector reached ¥9,081.75 billion, with a transaction volume of ¥9.44 trillion.
The cryptocurrency market saw a daily increase of 2.63%, resulting in a trading volume of ¥5.34 trillion. As of that date, the market capitalization of cryptocurrencies stood at ¥9,081.75 billion, with a total market value of ¥5,904.20 billion. The market value has increased by ¥3,177.55 billion.
As of September 23, the market capitalization of cryptocurrencies was calculated to be ¥9.47 trillion. In terms of market dynamics, on that day, the total market capitalization was ¥9,081.75 billion, while the market value was at ¥9.44 trillion, with a 2.72% increase in market value compared to the previous year.
On September 23, the total market capitalization of the cryptocurrency sector had decreased by ¥1.17 billion, while the market value had reached ¥8,522.00 billion. The estimated market cap for that day was approximately ¥13.56 trillion, with a market value of ¥20.56 trillion.
Furthermore, the market value had dropped to ¥327.14 billion, representing a 90% decrease compared to the previous year.
The data indicated that the total market capitalization of cryptocurrencies was limited to the region around the Yangtze River Delta, with the highest trading volume occurring in regions such as Shanghai and Hangzhou.
In terms of revenue, the cryptocurrency sector generated revenue of ¥310.56 billion from January to June 2025, which was a decrease of 27.72% compared to the same period the previous year.
By the end of 2025, the total market value of the cryptocurrency sector was projected to reach ¥34.87 trillion. Over the past three years, the sector has accumulated a total market value of ¥24.10 trillion.
By June 30, 2025, the cryptocurrency market was expected to have a total trading volume of ¥1.51 trillion, a decrease of 1300.48 trillion compared to the previous year.
In terms of market performance, the major cryptocurrencies such as Bitcoin and Ethereum saw significant fluctuations, with Bitcoin trading at ¥7,031.92 billion, representing an increase of ¥868.64 billion compared to the previous period.
Ethereum also showed a significant increase, trading at ¥5,415.01 billion, which was an increase of ¥1,031.20 billion compared to the previous period.
The data on cryptocurrency trading can be tracked through the cryptocurrency financial app, which is responsible for providing accurate insights and updates on market conditions.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/chinas-market-capitalization-reaches-90-82-trillion-yuan-on-september-23-2023-with-a-trading-volume-of-9-44-billion-yuan/
