Key points to remember:
- Total cryptocurrency market cap rose to a new high of $ 2.65T thanks to a 5.3% 24-hour gain
- Bitcoin’s all-time high takes the cryptocurrency industry to new heights
The cryptocurrency’s total market cap broke its previous high of $ 2.54 trillion reached in mid-May and hit a new high of $ 2.65 trillion in today’s explosive trade action. ‘hui. The cumulative value of all digital market assets is now greater than the market capitalization of the largest publicly traded companies, including Apple, which is worth $ 2.46 trillion at the time of writing.
Cryptocurrency market hits new ATH of $ 2.65 trillion
Things are changing rapidly in the blockchain space. Total market capitalization was below $ 2 trillion at the start of the month and has since gained more than 30%. The sharp increase was fueled by the Bitcoin rally, which saw the world’s largest cryptocurrency hit a new ATH above the $ 66,000 mark earlier in the day.
Currently, the Bitcoin offering of 18.8 million coins has a combined value of $ 1.24 trillion and represents just over 47% of the total cryptocurrency market cap. The second largest crypto asset, Ethereum, accounts for 18%, while Binance Coin has a market share of around 3%.
The cumulative market value of the top 10 cryptocurrencies is approximately $ 2.14 trillion, which is roughly three-quarters of the combined value of all digital assets.
Interestingly, the number of digital currencies with a market cap over $ 1 billion now includes 102 altcoins.
While a lot has changed since Bitcoin last hit $ 60,000, the biggest crypto is still by far the biggest trendsetter in the industry; this was highlighted today, as the Bitcoin rally dragged virtually all altcoins to the bull run. For reference, only 6 of the top 100 coins are trading in the red zone at press time.
David is a crypto enthusiast and a personal finance expert. He has created numerous publications for different platforms. He enjoys exploring new things, and that’s how he discovered blockchain in the first place.