The cryptocurrency market has hit a new all-time high as the total market capitalization hit $700 billion, according to CoinMarketCap, earlier today.

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The Market Cap is $713,199,986,095 at press time.

Exactly one year ago, the total market cap was $18 billion.

The top 5 cryptocurrencies are as followed:

1. Bitcoin, $257.2 bln
2. Ripple, $111.9 bln
3. Ethereum, $86.1 bln
4. Bitcoin Cash, $46.2 bln
5. Cardano, $26.2 bln

Market Capitalization is one way to rank the relative size of a cryptocurrency.

It’s calculated by multiplying the Price by the Circulating Supply.

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