The total market cap for crypto hits a new all-time high of over $ 1.9 billion

Amid yet another uptrend in cryptocurrency markets, total cryptocurrency market cap has broken a new historical record of just $ 2 trillion.

The market capitalization of all cryptocurrencies as of March 31st was over $ 1.9 trillion. This is evident from data from key crypto surveillance resources like CoinGecko and CoinMarketCap. Total market cap hit $ 1.99 trillion earlier in the day, breaking an all-time record.

Total market capitalization since July 2017. Source: CoinMarketCap

After a subsequent correction, the overall market cap for crypto has fallen slightly, falling to $ 1.89 trillion at the time of writing.

At its new all-time high, total crypto market cap has surpassed the market cap of oil and gas giant Saudi Aramco, which is the second largest company in the world by market cap after Apple. According to TradingView, Saudi Aramco’s market cap is around 7 trillion Saudi rials, or $ 1.86 trillion, at the time of writing.

After the market cap of Google stocks topped over $ 1.4 trillion in February, total crypto market cap has further flipped the world’s largest companies, including Amazon and Microsoft. At the time of publication, the market capitalizations of Amazon and Microsoft are $ 1.5 trillion and $ 1.7 trillion, respectively.