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Crypto market cap tops $3 trillion as bitcoin and ether reach record highs

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Crypto market cap tops $3 trillion as bitcoin and ether reach record highs

The market capitalization of the entire cryptocurrency market crossed the $3 trillion mark on Tuesday for the first time, according to data from CoinGecko.

The milestone comes as bitcoin (BTC) and ether (ETH) have surged to record highs. At the time of writing, BTC is trading at around $68,000 and ETH is changing hands at about $4,800.

The global crypto market cap has grown dramatically over the last year. In November 2020, the market cap was around $500 billion. As crypto continues to gain mainstream attention, its market cap has topped from $1 trillion in January 2021 to over $2 trillion in May 2021 to over $3 trillion currently.

Crypto market cap tops $3 trillion as bitcoin and ether reach record highsCrypto market cap tops $3 trillion as bitcoin and ether reach record highs

Source: CoinGecko

The current top 10 coins by market capitalization are BTC, ETH, Binance Coin (BNB), Tether (USDT), Solana (SOL), Cardano (ADA), XRP, Polkadot (DOT), Dogecoin (DOGE), and USD Coin (USDC), according to CoinGecko.

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