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The crypto market broke through the US$ 3 trillion market value level for the first time in history. According to data from Bloomberg, the growth was driven by large crypto assets such as Solana (SOL), Ether (ETH), and Binance Coin (BNB).

Last week alone, the growth of digital currencies like solana and binance coin has been responsible for adding 20% to the total market capitalization.

Considered the third and fourth biggest digital currencies by market capitalization, solana and binance coins are currently valued at about US$ 180 billion.

market capitalization

Chart shows market reaching US$ 3 trillion (Reproduction/CoinMarketCap)

The top five cryptoassets, such as bitcoin, ether, and cardano, account for 70% of the entire market capitalization, or roughly US$ 2.1 trillion.

In addition to these cryptoassets, the growth in crypto market capitalization has been driven by an enthusiastic thrill for memecoins such as dogecoin (DOGE) and shiba inu (SHIB), digital currencies that are now part of the select ranking of the most considerable assets in the crypto market.

As the market capitalization reaches US$ 3 trillion, the benchmark digital assets, bitcoin (BTC) and ether (ETH) have renewed their all-time highs recently. On Tuesday (9), the bitcoin price broke through the US$ 68,000 level for the first time.

Like bitcoin, ether hit a new price record at US$ 4,837.59, approaching the psychological barrier resistance of US$ 5,000.