Total crypto market cap briefly surpassed that of Saudi Aramco.
The market cap of cryptocurrencies surpassed $1.9 trillion on March 31, according to data from important crypto monitoring resources like CoinGecko and CoinMarketCap. The entire market cap reached as large as $1.99 trillion earlier on the day, hitting a fresh all-time record.
Following a subsequent correction, the total crypto market cap has shrunk slightly, dropping to $1.89 trillion in the time of writing.
In hitting its new historical high, the entire crypto market capitalization has surpassed the market cap of oil and gas giant Saudi Aramco, the world’s second most valuable company by market cap following Apple. According to data from TradingView, Saudi Aramco’s market cap amounts to about 7 trillion Saudi riyals, or $1.86 trillion at the time of writing.
After exceeding the market cap of Google stock at above $1.4 trillion in February, the total crypto market cap has continued flipping the world’s largest companies such as Amazon and Microsoft. At this point, Amazon and Microsoft’s respective market capitalizations are $1.5 trillion and $1.7 billion.