As of this morning, the crypto market cap has skyrocketed to a brand new all-time high, topping $3 Million!
The overall crypto market value increased by 3.1% in this morning’s Asian trading session due to the positive market momentum, where the market cap topped $3 million at the time of publication.
During the past week, the overall market cap has climbed by 8.4%, and during the last month, it has risen by 25.5%. The market value was $775 billion on the 1st of January of 2021, and now it has surged by a staggering 284%.
Crypto Market Cap: $3 Trillion
— CoinGecko (@coingecko) November 8, 2021
Data from CompaniesMarketCap suggest that Microsoft, the world’s biggest company with a market cap of $2.5 trillion is now in the rearview mirror of cryptocurrency markets, having already surpassed it. Nonetheless, there are still milestones to be reached seeing as the current market cap value is merely a fourth of the $11.5 trillion market capitalization of Gold.
Bitcoin (BTC) has a market capitalization of $1.12 trillion and a market share of 41.3 %, having incurred an increase of 6.9%. These stats amount to the same as Tesla more or less, but still below the Silver market cap which stands at $ 1.36 million.
Ethereum (ETH) is also quite successful having passed JPMorgan Chase’s $496 billion market cap and topping $560 billion.
At present, Binance Coin (BNB) has a market capitalization of $107 billion, making it the 3rd largest cryptocurrency.
The 24-hour trading volume has amounted to a phenomenal $138 billion, the total of the March 2019 market capitalization of the crypto market.
The highlights of this fruitful period include XRP rising to $1.27 by 9%, ranking right after Cardano’s ADA. Similarly, Avalanche (AVAX) has reached an ATH of $95, increasing by 13%.
Also read: Ripple CTO, David Schwartz, is bullish on the future of NFTs