The crypto market rebounded earlier in the week and total capitalization hit a new record high of $ 2.62 trillion, according to CoinGecko.

This just surpassed the previous high of $ 2.55 trillion on May 12 as many altcoins hit their own record highs.

Total market capitalization of the cryptocurrency. Source: CoinGecko

The competing analytics platform CoinMarketCap reports a total capitalization of the crypto market of around 2.5 trillion US dollars, which is roughly the highest level five months ago.

Total market capitalization has increased 233% to around $ 780 billion since the beginning of this year. During the last peak cycle in January 2018, total market capitalization peaked at $ 830 billion.

Cryptocurrencies are now bigger than the world’s giants

The total market capitalization of the cryptocurrency is now larger than that of the largest company in the world. According to COMPANYMarketcap, Apple has a market cap of approximately $ 2.39 trillion at the top of the charts. The second largest company is software giant Microsoft with $ 2.28 trillion.

Bitcoin is currently up 2.7% for the day, 14% for the last week and 32% for the last month. BTC usually peaks before altcoins. According to CoinGecko, it is currently only 3.4% away from the April 14th all-time high of $ 64,800. In terms of market capitalization, Bitcoin is currently valued at around $ 1.17 trillion with a dominance rate of 45.1%.

Compared to companies, Bitcoin ranks sixth worldwide, higher than Facebook at $ 915 billion but smaller than Amazon at $ 1,726 trillion.

Source: Company’s market capitalization

Ethereum represents 17.5% of the total market with a market capitalization of $ 454 billion, which is roughly the size of Chinese e-commerce giant Alibaba.

Billion dollar altcoins are on the rise

The number of altcoins with a market capitalization of over $ 1 billion is 108 according to CoinGecko. The top 20 altcoins all have a market capitalization of over $ 10 billion, and the top 10 altcoins are all worth over $ 30 billion.

Binance Coin (BNB) is the third largest cryptocurrency at $ 79.4 billion, and Tether is fourth at around $ 69.6 billion. Cardanos ADA is currently the fifth largest at $ 69.04 billion, followed by XRP at $ 51 billion.

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Annie

According to Beincrypto

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