The market capitalizations of all cryptocurrencies in existence surpassed $2 trillion on April 5, according to data from Goingecko, led by the impressive growth of Bitcoin (BTC), Ether (ETH) and other altcoins in 2021.
The cryptocurrency market as a whole has become approximately as valuable as Apple, the second biggest company in the world after Saudi Arabia’s oil giant Aramco.
The milestone also comes less than three months after the cryptocurrency market surpassed $1 trillion for the first time back on Jan. 7 when the price of Bitcoin was around $33,000.
Will the Ethereum and altcoin bull market continue?
In recent months, several major catalysts have fueled both Bitcoin and Ethereum to rally strongly to new all-time highs.
Financial institutions, like PayPal and Visa, are beginning to actively support cryptocurrencies as Bitcoin was leading the cryptocurrency market’s uptrend.
In 2021, Bitcoin has faced several short-term corrections but has now consistently remained above the $50,000 for almost a month with low volatility compared to altcoins, preventing both ETH and