The market for digital coins hit $300 billion Sunday night for the first time ever as two of the largest cryptocurrencies eyed significant milestones, Business Insider reported.
According to data from CoinMarketCap, the market capitalization of the entire crypto-market stood at $303 billion by 12:30 a.m. ET. On Sunday, the two largest digital currencies on the market were flirting with big milestones of their own.
Bitcoin (TIKER: BTC.EXANTE) reached an all-time high of $9,694 Sunday evening and surged past $9750 on Monday morning.
Ethereum (TIKER: ETH/USD.CRC) reached an all-time high of $485 Sunday evening, shy of the much-anticipated $500 mark.
Bitcoin Cash (TIKER: BCH.EXANTE) was trading just below $1,650 at 12:30 a.m. ET. And Bitcoin Gold was trading up more than 2.5% near $380 per coin, according to CoinMarketCap.
It took from June to November for the market to go from $100 billion to $200 billion. It took less than a month for the market to balloon from $200 billion to $300 billion.