Global cryptocurrency market cap hits $1 trillion

Markets • January 6, 2021, 6:45PM EST
UPDATED: January 6, 2021, 6:46PM EST
The Block

The market capitalization of all cryptocurrencies has reached $1 trillion.

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According to data from CoinGecko, the global market cap for all cryptocurrencies is at $1.003 trillion at the time of writing. Bitcoin remains the market leader with a $676B market cap, followed by Ethereum with a $136 billion market cap. Tether, XRP and Litecoin round out the top five. 

The last time total market capitalization came close to $1 trillion was in January of 2018 when it reached nearly $800 billion. This is the first time it has surpassed the $1 trillion mark.

About Author

Aislinn Keely is a reporter on The Block's policy team holding down the legal beat. She covers court decisions, bankruptcies, regulatory actions and other key moments in the legal sphere, putting them in context for the wider crypto industry. Before The Block, she lent her voice to the NPR affiliate WFUV and helmed Fordham University's student newspaper. Send tips or thoughts on all things policy and legal to [email protected] or follow her on Twitter for updates @AislinnKeely.

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