The market capitalization of cryptocurrencies has surpassed $3 trillion.

According to CoinGecko prices, the total market capitalization of cryptocurrencies reached $3.3 trillion on Monday.

The value of the cryptocurrency market has surpassed $3 trillion.

As investors have become more acquainted with established tokens like Bitcoin while networks like Ethereum and Solana continue to develop and attract additional features, the market for digital assets has approximately doubled from its 2020 year-end value. The interest in non-fungible tokens and decentralized finance is expanding, and memecoins like Dogecoin and Shiba Inu continue to draw attention.

In a note, Katie Stockton, founder and managing partner of Fairlead Strategies, stated, "Bitcoin appears to be breaking out of a bullish flag pattern, and Ether is likely to confirm a long-term breakout on a close above resistance this Friday."

According to CoinGecko prices, the overall market cap of cryptocurrencies was $3.3 trillion as of 9:54 a.m. in New York. Binance Coin and Solana, the third and fourth largest tokens, have gained more than 20% in the last seven days; all of the top seven coins have gained in the last week.

On Monday, bitcoin soared as much as 5.6 percent to $66,414, approaching its previous high of almost $67,000. Ether increased by as much as 3% to a record high of $4,768.