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Crypto Market Cap Breaks New All-Time High Above $3 Trillion

Stefan by Stefan
08/11/2021
in Altcoin News
Reading Time: 2 mins read
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The Crypto market cap breaks new all-time high above $3 trillion according to the latest measurements that we have in our cryptocurrency news.

The positive market momentum during Monday Morning’s Asian trading sessions resulted in a 3.1% rise for the crypto market cap. According to CoinGecko, the crypto market cap breaks a new all-time high of $3 trillion at the time of writing. The total market cap increased 8.4% over the past week and 25.5% over the past 30 days so, since the start of 2021, it surged to a whopping 284% from $775 billion at the start of the year.

Crypto Market Cap: $3 Trillion

— CoinGecko (@coingecko) November 8, 2021

The crypto markets are now larger than the world’s biggest company by market cap which is Microsoft and has $2.5 trillion according to the latest data. It is about a quarter the size of the gold market cap that now stands at $11.5 trillion as per the market cap trackers. Bitcoin made 6.9% on the day and has a market cap of $1.12 trillion and a market share of 41.3% which is about the same size as Tesla but a little smaller than the Silver market cap that is about $1.36 trillion. Ethereum had a $560 billion cap and it is now larger than JPMorgan Chase as well which hit $496 billion. The third biggest crypto by market cap is the Binance coin that has a $107 billion market cap. CoinGecko is reporting a 24-hour volume of $138 billion which is the same as the total market cap back in 2019.

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Ripple’s XRP is the top ten’s mover with a 9.8% gain which propelled the token to $1.27 but was then knocked down the charts and now sits below Cardano as the seventh token. Avalanche is also moving on the day as it increased by 13% and hit a $95 price range which is also a new all-time high.

crypto market

As recently reported, DOGe, Terra, and Ripple are also in the green while Avalanche was the biggest gainer from yesterday, also setting a new record above $85. Binance coin performed well in the past few days and marked another 8% increase later on which gave a boost to the coin to $670 which is the highest price level since mid-May. The asset is a few inches away from marking a new ATH of its own while the market cap is rising well above $100 billion.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: above $3 trillionall-time highcrypto market capcryptocurrency market capfeaturedmarket cap
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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