3 trillion dollars of capitalization for cryptocurrencies

Cryptocurrency markets now weigh in 3 trillion dollars in capitalization, a threshold reached for the very first time during this night:

The dominance of Bitcoin (BTC) over other crypto-assets continues to fall in recent weeks. The queen of cryptocurrencies represents “only” 42% of capitalization total. Ether (ETH) continues to grow, it now represents 19% of the market cap.

According to the data collected by the 8marketcap site, Bitcoin is however the 8e most capitalized asset in the world, now overtaking Tesla, Meta (Facebook) and NVIDIA :

capitalization assets comparison Bitcoin

Source: 8marketcap

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ETH and SOL surpass their records

This increase in capitalization is partly due to the breakthroughs of altcoins, in particular Ether (ETH). Ethereum cryptocurrency hit a new high this morning, for the first time exceeding $ 4,760 :

Record ETH Ethereum price

The ETH price breakthrough overnight – Source: TradingView, ETH / USDT

The price of ETH rose by almost + 4% overnight, reaching its highest level. The cryptocurrency’s capitalization now exceeds $ 565 billion.

Within the top 10, another altcoin broke its record: Solana’s SOL. Cryptocurrency confirmed its uptrend yesterday, brushing for the first time the $ 260 threshold :

Record SOL Solana course

The SOL price hit a record yesterday – Source: TradingView, SOL / USDT

This jump of + 13% was however offset by a decline of -7% suffered yesterday. Still, the capitalization of SOL still exceeds that of Tether (USDT) in fourth place in the ranking.

Other altcoins broke their records, including Terra’s LUNA, who crossed 52 dollars yesterday. This morning, it was the Avax of Avalanche which went alongside the 94 dollars for the first time.

👉 To read – Solana Ventures and FTX launch a $ 100 million fund dedicated to Crypto Gaming

BTC is approaching its ATH

The price of BTC is however far from being outdone. The queen of cryptocurrencies is now approaching its all-time high of $ 67,200, reached twenty days ago. This morning, the price of a BTC reaches 66 200 dollars, and the cryptocurrency’s capitalization exceeds $ 1,248 billion.

The trend is therefore resolutely upward on the markets at the start of the week. Will BTC surpass its all-time high again? The days to come will tell us …

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About the Author : Marine Debelloir

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Deputy Editor-in-Chief on Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that arise from the blockchain and I like to find the most delicious information to share with you.
All articles by Marine Debelloir.


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