Against the background of another upward trend in the cryptocurrency markets, the total market value of cryptocurrencies has broken a new record – only 2 trillion dollars.
The market value of all cryptocurrencies exceeded $ 1.9 trillion as of March 31, according to major cryptocurrency monitoring sources such as CoinGecko and CoinMarketCap. Earlier in the day, the total market value was $ 1.99 trillion, a new record from all time.
Following the subsequent correction, the total market value of cryptocurrencies has fallen slightly to $ 1.89 trillion at the time of writing.
The total market value of cryptocurrencies reaches new full-time heights, and has surpassed the market value of the oil and gas giant Saudi Aramco, the world’s second most valued company after Apple. According to TradingView, Saudi Aramco has a market value of around 7 trillion Saudi riyals, or $ 1.86 trillion at the time of writing.
After the market value of Google shares exceeded $ 1.4 trillion in February, the total market value of cryptocurrencies continued to topple the world’s largest companies, including Amazon and Microsoft. At the time of publication, Amazon and Microsoft have a market value of $ 1.5 trillion and $ 1.7 trillion.