The full cryptocurrency market capitalization broke $two.5 trillion as the United States Securities and Exchange Commission seems to be open to approving additional crypto futures-linked substitution-traded funds.

According to data from Cointelegraph Markets Pro, the value of all cryptocurrencies has more than doubled since striking a $i trillion market capitalization in January. The prices of Bitcoin (BTC) and Ether (ETH) rose to more than than $63,000 and $3,800, respectively, as the total crypto market capitalization dipped its toes above $2.5 trillion.

Total cryptocurrency market capitalization. Source: TradingView

BTC remains the biggest cryptocurrency past marketplace cap at roughly $1.2 trillion, ETH in the second position at more than $448 billion, and Binance Coin (BNB) third with $81 billion. KuCoin Token (KCS), Zcash (ZEC) and Polygon (MATIC) have rallied the most amid other cryptocurrencies in the terminal seven days, ascension more than xx% to reach prices of $13.99, $142.44, and $ane.47, respectively.

One of the indicators for the overall health of the digital asset class, the crypto market place cap, is at highs not reached since May when the valuation peaked at more than $2.4 trillion earlier a major downturn effectively halved information technology to roughly $1.3 trillion. The surge comes equally the first Bitcoin futures-linked exchange-traded fund in the United states of america began trading on the New York Stock Exchange, providing additional investors exposure to crypto.

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The crypto marketplace has faced its share of regulatory and legal challenges in 2022, which could accept threatened the prices of major tokens. First hit a $1 trillion market capitalization in January, the space has reached prices far beyond the highs of the 2022 bull run, with volatility still nowadays across major nugget classes.