Cryptocurrency Market Tops $2T for First Time Since May

Bitcoin is joined by ether and cardano, which have surged 11% and 53% in the last seven days respectively.

By Jamie Crawley

Aug 16, 2021 at 8:26 a.m. UTC

Updated Sep 14, 2021 at 1:40 p.m. UTC

Alex Thorn

Head of Firmwide Research

Galaxy

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Alex Thorn

Head of Firmwide Research

Galaxy

Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.

Secure Your Seat

Jamie Crawley

Alex Thorn

Head of Firmwide Research

Galaxy

Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.

Secure Your Seat

Alex Thorn

Head of Firmwide Research

Galaxy

Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.

Secure Your Seat

The crypto market cap surpassed $2 trillion for the first time since mid-May as bitcoin led the rally, according to CoinMarketCap data.

Bitcoin climbed up to $48,048 early Monday, the highest level since May 17, CoinDesk data shows.
The world's largest cryptocurrency by market cap is joined by ether and cardano, which have surged 11% and 53% in the last seven days respectively.
The crypto market cap sank as low as $1.19 trillion on July 20, according to data from CoinMarketCap, meaning the sector has almost doubled in value in less than a month.
After a touching a peak of more than $2.5 trillion on May 12, crypto pulled back and saw a couple of months of downward pressure as the mining crackdown in China took hold.

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Jamie Crawley

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Jamie Crawley