The total capitalization of the cryptocurrency market has just exceeded a new all-time high. According to data provided by CoinGecko, the total value of all cryptos has exceeded the trillion dollar mark.
The fact the total value of all the cryptocurrencies in the market has exceeded this mark is not a surprise if we take into account the meteoric rise that Bitcoin and altcoins have been experiencing during the last weeks.
The reference crypto yesterday surpassed for the first time the $37,000 mark, causing its market cap to skyrocket above $690B.
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On the other hand, ether, the second largest crypto in the market, is trading above $1,200, surpassing this way this level for the first time since January 2018.
It must be noted the last time the total market capitalization approached $1T was in January 2018, when it reached almost $800B boosted by the Bitcoin rally to $20,000. However, this is the first time the market cap actually exceeds the trillion dollar barrier.
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