Yes, crypto is capitalized. Crypto market cap has become an important metric for investors, traders, and analysts who are interested in the cryptocurrency market.

Crypto market cap has been increasing steadily over the years, as more and more cryptocurrencies have been created and adopted.

One of the main factors that affect the crypto market cap is the price of individual cryptocurrencies.  

As the price of a cryptocurrency increases, so does its market cap.  

This is because the higher the price, the more valuable each unit of the cryptocurrency becomes, and the larger the overall value of the cryptocurrency in circulation.

Another factor that affects the crypto market cap is the circulating supply of each cryptocurrency. 

The more units of a cryptocurrency that are in circulation, the higher its market cap. 

This is because there are more units of the cryptocurrency available for purchase and sale, and thus the overall value of the cryptocurrency is higher.