The Total Crypto Market Cap Breaks the $2 Trillion Mark After Doubling in Just 3 Months

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After only 3 months since it hit $1 trillion, the total crypto market cap has now crossed the $2 trillion mark.

The new milestone now puts the total market cap of the crypto industry to almost the same valuation as Apple, the second-largest company in the world after Saudi Aramco, the oil giant.

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SEE ALSOBitcoin is Now the 8th Most Valuable Asset After Taking On Facebook and Just About to Bypass Google

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The new milestone comes amidst major catalysts that include:

  • Financial institutional adoption of bitcoin – PayPal, Visa, Tesla
  • Interest in alternative digital assets – DeFi, NFTs
  • Coinbase IPO market sentiment
  • The decline of the US dollar – Dollar global reserves decline as countries pursue a de-dollarization strategy

The new market cap milestone also comes with a few twists:

  • Ether hits a new all-time high
  • Bitcoin dominance drops to below 55%
  • Bitcoin total market cap hits $1.09 trillion
  • BitTorrent moves up to top 10 among top volume cryptos
  • Bitcoin and Ethereum continue to be the dominant market forces accounting for nearly two thirds of the total market cap

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RECOMMENDED READINGBitcoin Breaks the $1 Trillion Market Cap Milestone After More than 900% Growth in Less than One Year

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