Cryptocurrencies Hit $100 Billion Market Cap as Bitcoin Reaches for New Highs

Cryptocurrencies, as a whole, now hold over $100 billion in market cap for the first time. While bitcoin (BTC) leads the pack at just over $46.6 billion, or 47.9 percent of all cryptocurrencies, the recent surge in these other coins has helped to push the total cap over the top.

Since the Bitfinex hack low on August 2, bitcoin has traded better than JP Morgan, Goldman Sachs, Tesla, Apple, Google and gold.

Bitcoin is also trading much better than all the major payment processors including Visa, American Express, Mastercard, Capital One, Discover and PayPal.

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