Entire Cryptocurrency Market Cap Surpasses $500 Billion

As the world’s top cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are continuously recording their new highs in terms of price value with each passing day, their market capitalization is also increasing potentially. Amid this ongoing bull market, the entire cryptocurrency market capitalization has achieved a significant milestone by surging above the $500 billion mark.

According to the CoinMarketCap data, the overall market capitalization of the entire cryptocurrency market is currently standing at $512.01 billion with an increase of 4.67 percent over the last day. Out of the total crypto market cap, Bitcoin counts for $337 billion. Ethereum’s market cap is $56 billion. While on the other hand, Tether (USDT), XRP, and Chainlink (LINK) count for $18 billion, $13 billion, and $5 billion in market cap respectively.

During the past few days, the top digital assets especially Bitcoin and Ethereum have been performing well. Bitcoin, the first-ranked digital currency has jumped above $18,000 for the first time in the past 35 months and is currently residing above this level. It is up nearly four percent in the last 24 hours while on a seven-day basis it is up more than eleven percent, at the press time.

While on the other hand, the second-largest digital currency by market capitalization Ethereum (ETH) has done well over recent days. A few hours ago today, ETH’s price surged above $500 for the first time since the 18th of July recording a new 28-month highest value. At the time of writing, the price value of ETH is up more than 5 percent in 24 hours while it is up by nearly 7 percent on a seven-day basis. Alongside Bitcoin and Ethereum, the fourth-largest cryptocurrency XRP has also recorded significant price gains during the past seven days. Currently, XRP is up more than 16 percent over the last seven days. Ripple’s native digital currency has now surged above the psychological level of $0.30.

Not only these top cryptocurrencies by market cap are trading bullish but a lot of other major altcoins including Chainlink (LINK), Litecoin (LTC), and Bitcoin Cash (BCH) are also trading in the bullish territory at the moment, as per data from CoinMarketCap.