Cryptocurrency Market Cap Hits $3 Trillion New All-Time High

The overall crypto market value increased by 3.1 percent during Monday morning’s Asian trading session due to positive market momentum.

This has pushed it to an all-time high over $3 trillion at the time of writing, according to analytics website CoinGecko.

Over the last seven days, the overall market cap has climbed by 8.4%, and over the last 30 days, it has increased by 25.5 percent. It has increased by 284 percent since the beginning of 2021, from $775 billion on January 1st.

According to Companiesmarketcap, crypto markets have already surpassed the market capitalization of the world’s biggest firm, Microsoft, which has a market capitalization of $2.5 trillion. However, according to the market cap tracker, it is approximately a fourth the size of the gold market cap, which is $11.5 trillion.

Bitcoin has a market capitalization of $1.12 trillion and a market share of 41.3 percent, up 6.9% on the day. It’s around the same size as Tesla, but somewhat less than the $1.36 trillion market worth of Silver.

Ethereum currently has a market valuation of $560 billion, surpassing JPMorgan Chase’s $496 billion. Binance Coin, with a market valuation of $107 billion at the time of writing, is the third-largest crypto asset by market capitalization.

CoinGecko reports a $138 billion 24-hour volume, which is the same as the overall market worth in March 2019.

With a 9.8% increase on the day, Ripple’s XRP is the top mover in the top ten, rising to $1.27. However, it has since fallen down the rankings, and it now ranks sixth, behind Cardano.

Avalanche (AVAX) is also on the ascent right now, with a 13% increase in the top $95 and a new all-time high.