The overall market cap of crypto, which includes over 10,000 digital assets, has reached a high of $2.33 trillion after an increase of 5% on Thursday. The crypto economy hasn’t seen such highs since mid-May.
The previous time when the crypto economy was somewhere near the $2.33 trillion level was on May 16th, 2021. The ATH of the crypto market, of $2.493 trillion, still hasn’t been surpassed.
On July 19th, the crypto economy fell to just $1.27 trillion. But since then it has grown by 83%. In fact, the crypto economy only has to grow over 6.995% in order to establish a new ATH.
Bitcoin represents about 40.5% of the $2.33 trillion, with Ethereum taking second place with 19.1% of the entire crypto market cap.
This represents a fall for Bitcoin from August 1st when it totalled 47%.
Meanwhile, Cardano holds 4.37% of the crypto economy and BNB 3.7%. Tether is also notable for holding about 3.01%. XRP has a dominance of 2.28% and DOGE of 1.78%.