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Total Crypto Market Cap Nears All-Time High, Bitcoin Dominance Slips
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The total crypto market capitalization crossed the USD 2.5trn mark today, and is for the first time since May short distance away from its all-time high of USD 2.57trn reached that same month. Meanwhile, bitcoin (BTC) dominance is lower today than when the coin's price peaked in mid-April.
The important USD 2.5trn mark has been reached after the crypto market has seen significant gains in recent days - with the market capitalization growing by USD 110bn since Wednesday alone.
Further, today’s milestone also means that the market capitalization of all cryptoassets has risen by more than 30% in just over two weeks, moving from USD 1.84trn on September 29 to USD 2.44trn as of noon UTC on October 15.
The rise in market capitalization followed
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