{"id":363868,"date":"2021-11-08T08:45:42","date_gmt":"2021-11-08T05:45:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-markets-tag-3t-combined-market-cap-for-first-time\/"},"modified":"2021-11-08T08:45:42","modified_gmt":"2021-11-08T05:45:42","slug":"crypto-markets-tag-3t-combined-market-cap-for-first-time","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-markets-tag-3t-combined-market-cap-for-first-time\/","title":{"rendered":"# Crypto markets tag $3T combined market cap for first time"},"content":{"rendered":"

“# Crypto markets tag $3T combined market cap for first time <\/strong>”
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With Bitcoin trading within 2% of its all-time high while Ethereum, Solana, and Polkadot push into previously uncharted price ranges, CoinGecko estimates that the combined cryptocurrency market cap has broken above $3 trillion for the first time.<\/p>\n

According to CoinGecko, the total crypto capitalization broke into new highs above its previous record of $2.62 trillion<\/a> on Oct. 20 and has increased by a further 14.5% in less than three weeks.<\/p>\n

The combined crypto market cap had previously topped out at a peak of nearly $2.62 trillion on May 12 of this year, before bouncing off a local low of $1.24 trillion on July 20. The previous bull cycle saw the total digital asset capitalization post a high of $848.6 billion on Jan. 6, 2018.<\/p>\n

CoinGecko\u2019s data tracks 10,418 digital assets across 518 cryptocurrency exchanges.<\/p>\n

Despite Bitcoin\u2019s impressive price gains during the past two years, BTC\u2019s market dominance has fallen by 42.8% since tagging a top of 70.8% on Sep. 6, 2019.<\/p>\n

While Bitcoin still beats out its closest rival by more than double in terms of market share with 40.5% or $1.22 trillion compared to Ethereum\u2019s 18.6% or $560 billion, the combined capitalization of all other cryptocurrencies is 40.9% or $1.24 trillion \u2014 evidencing the increasing plurality of the digital asset sector.<\/p>\n

Related: <\/em><\/strong>Meme tokens and dogcoins flood the market as price wars heat up<\/em><\/strong><\/p>\n

According to Messari\u2019s Ethereum screener, which currently tracks 209 projects that have been built on the network, the Ether ecosystem currently represents a market cap of $829 billion<\/a> or 27.6% dominance.<\/p>\n