Skip to content

Crypto market hits $2.6 trillion capitalisation for the first time in history

Crypto market touches $2.6 trillion capitalisation for the first time in history

For the first time in history, the cryptocurrency market has surpassed the $2.6 trillion barrier in terms of market capitalisation amid Bitcoin’s (BTC) rally, which soared to new all-time highs ahead of the second day of trading for the massively popular ProShares Bitcoin Strategy exchange-traded fund (ETF).

Indeed, the global crypto market cap has already reached $2.613 trillion, representing a 5.6% gain over the previous day. Furthermore, the overall market volume over the past 24 hours has increased to $94.75 billion, representing a 4% increase, according to the data from

Global crypto market 1 year chart: Source:

In addition, the entire volume in DeFi is now $12.07 billion, accounting for 12.74% of the total 24-hour volume in the cryptocurrency market. In contrast, the volume of all stable currencies is currently $71.81 billion, representing 75.78%.

Bitcoin sets new all-time high

Moreover, Bitcoin has helped the crypto market break through the $2.6 trillion level in terms of market capitalisation for the first time ever as the flagship digital asset hit a new all-time high on October 20, 2021, following the success of ProShares Bitcoin futures ETF trading on the stock exchange for the second day in a row.

Indeed, after a spectacular comeback from a July collapse that saw the asset fall below $30,000, the cryptocurrency has reached a new all-time high propelling the BTC into the realm of price discovery.

Consequently, BTC price movement has re-entered unknown territory after breaking over the last barrier of $64,900 set April 14, 2021. Currently, the flagship digital currency is up 7.76% in the last 24 hours and 19.56% over the previous seven days, with Bitcoin now trading above $66,800 at the time of publication.

Bitcoin 7 day price chart: Source:

MicroStrategy CEO Michael Saylor commented:

“Don’t bet against #Bitcoin.”

Meanwhile, renowned pseudonymous crypto trader PlanB simply tweeted:

Notably, Bitcoin appears to be following the traders stock-2-flow chart, which he earlier tweeted about back in June.

SHIB fails to capitalise on current market momentum

Meanwhile, decentralized token Shiba Inu (SHIB), despite being the most used non-stablecoin on the Ethereum (ETH) network, is currently changing hands at $0.00002763 

down 2.4% in the last 24 hours and 5.65% over the previous seven days.

Shiba Inu 7 day price chart: Source:

However, this is particularly notable given the fact that, apart from stablecoins, every other currency in the top 20 cryptocurrencies by market capitalisation is now trading in the green.


Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.