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Total crypto market capitalization hits new high above $ 1.9T

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Amid another bullish trend in the cryptocurrency markets, the total crypto market cap has broken a new all-time high of just $ 2 trillion.

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The market capitalization of all cryptocurrencies topped $ 1.9 trillion on March 31, according to data from major crypto watch resources such as CoinGecko and CoinMarketCap. The total market cap hit $ 1.99 trillion earlier today, hitting a new all-time high.

Total market capitalization since July 2017. Source: CoinMarketCap

As a result of a subsequent correction, the total crypto market cap declined slightly, falling to $ 1.89 trillion at the time of writing.

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Reaching a new all-time high, the total crypto market capitalization surpassed the market capitalization of oil and gas giant Saudi Aramco, the second most valuable company in the world by market capitalization after Apple. According to data from TradingView, Saudi Aramco’s market capitalization is approximately 7 trillion Saudi riyals, or $ 1.86 trillion at the time of writing.

After surpassing the market cap of Google’s stock to more than $ 1.4 trillion in February, the total crypto market cap has continued to tip the world’s biggest companies, including Amazon and Microsoft. At the time of publication, the respective market caps of Amazon and Microsoft are $ 1.5 trillion and $ 1.7 trillion.

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