The capitalization of the global cryptocurrency market for the first time ever exceeded the $3 trillion mark, according to data from CoinGecko, a platform that tracks the value of more than 10,000 virtual assets on 518 cryptocurrency exchanges.

The two most popular cryptocurrencies, Bitcoin and Ethereum, account for more than half of the capitalization at $1.8 trillion.

It took the cryptocurrency market six months to increase capitalization by $1 trillion.

During May, the rise in price of mainly Bitcoin and Ethereum led to an increase in market capitalization to a record $2.6 trillion. After that, a decline began due to restrictions on the crypto market in China, and the record could be repeated only on October 20.

Over the past three weeks, the cryptocurrency market has twice updated historical capitalization records.

For the first time, the increase in capitalization was not due to Bitcoin’s rise in price, but due to the rise in price of other cryptocurrencies. They account for 41% of the market value of all virtual assets.