$ETH Crypto market cap nears $4T, just behind the biggest company in the world

Surges in the price of Ether and XRP have driven total crypto market capitalization to record highs just shy of $4 trillion.

Total crypto market capitalization is within striking distance of the $4 trillion milestone, driven by a daily surge in Bitcoin, Ether, XRP and other cryptocurrencies as three major crypto bills were passed in the US House.

A $4 trillion market cap would place cryptocurrencies just behind Nvidia, the biggest publicly-listed company in the world, which crossed a $4 trillion market cap for the first time on July 9 and is now at $4.2 trillion.

Binance-owned CoinMarketCap shows peak crypto market capitalization figures at $3.8 trillion, while TradingView has the number at $3.9 trillion, higher than the previous peak of $3.73 trillion in December.

Total market capitalization hits peak levels. Source: Tradingview

However, some trackers like CoinGecko have already shown that crypto market capitalization has crossed the milestone.#ETHBreakout3.5k #BinanceHODLerERA