The market capital of all cryptocurrencies combined has exceeded $3 trillion, just as Bitcoin, Ethereum and Dogecoin experienced strong gains.
Data from crypto analytics platform CoinGecko, which currently tracks over 10,000 coins across 517 trading platforms, the market cap of all assets increased by 4.1% over the last day, peaking at $3.019 trillion.
Dogecoin reaches local high…
Dogecoin (DOGE) was one of the leading coins. It reached a local high of $0.292 on Monday before backtracking to $0.283. This 7% increase made the meme coin the best performing asset among the ten-largest cryptocurrencies.
For some weeks, Dogecoin experienced extreme volatility for some weeks and was even flipped by Shiba Inu, another dog-inspired meme coin that rose to prominence over the last year.
It, however, regained a ninth place in the rankings after SHIB’s massive sell-off last week.
Bitcoin, Ethereum sell high…
After reaching a new all-time high of $4,782 on Monday, Ethereum entered the spotlight before retracing to $4,736.
Ethereum remains the second-largest asset by market capitalisation. Having recorded an increase of over 987% since the beginning of the year, it accounts for over 18.7% of the current combined market capitalisation.
On the other hand, Bitcoin is also on the rise and ranks number one based on market capitalisation. The asset traded between $61,000 and 63,000 for most of last week, before hitting a local high of $66,362 on Monday.
Being just 1.7% away from its all-time high of $67,276 recorded on October 20, Bitcoin is 22.2% over the last month and 345.5% since the start of the year. With the network’s value above 1.246 trillion, the leading cryptocurrency is currently dominating as much as 41.5% of the entire market.
