With a significant rise in the price of Bitcoin and other cryptocurrencies, the crypto market has <a href="https://coinmarketcap.com/" target="_blank" rel="nofollow noopener">witnessed</a> a 58% gain equivalent to $700 billion in the past 21 days. As revealed by the leading market data aggregators, the crypto market has managed to cross the $1.9 trillion market capitalization.
<h2>Crypto Market on a Bull Run, Crosses $1.9 Trillion Capitalization</h2>
Since the <a href="https://www.cryptoknowmics.com/news/bitcoin-price-crosses-40k-mark-crypto-market-cap-nears-1-7-trillion/">beginning of the month</a> of August, the cryptocurrency market has been on a bull run as the total market capitalization is nearing $2 trillion.

In accordance with the data released by leading market data aggregators, the total market capitalization of the crypto market broke the $1.9 trillion mark on Monday, and it has retouched this level for the first time since May 18.

Well notably the bull run started back in the month of July, but even now, the market is $700 billion low from its all-time high of $2.5 trillion as <a href="https://www.cryptoknowmics.com/news/crypto-market-hits-all-time-high-of-2-trillion-following-bitcoin/">recorded</a> on May 11.

Talking about the market capitalization of Bitcoin and Ethereum, they are back at their mid-May levels and are showing strong recovery trends. 
<h2>Bitcoin and Ethereum Markets Surging</h2>
As the price of Bitcoin managed to <a href="https://www.cryptoknowmics.com/news/btc-technical-analysis-will-buyers-have-the-strength-to-grow-to-48000-50000/">surge</a> above the level of $45K, the market value of BTC has increased by over 53%. Its market value hit above $860 billion on Monday, but it is still significantly low from the high that it made earlier this year. 

It should be noted that the flagship cryptocurrency witnessed a major sell-off with its market capitalization dropping to as low as $560 billion as of July 20.

Talking about Ethereum, it has surged around 81% from $204 billion on July 20 to $369 billion on Monday.

The major reason behind the price surge of Ethereum is considered the <a href="https://www.cryptoknowmics.com/news/ethereum-eyes-resistance-following-major-london-hardfork-upgrade/">London Hard Fork</a> on the Ethereum blockchain. Also, the investors are waiting for the Ethereum blockchain to shift from PoW to PoS mechanism.

Crypto Market Surpasses $1.9 Trillion Cap, Gains $700 Billion in 21 Days

With a rise in the price of Bitcoin and other cryptocurrencies, the crypto market cap has surpassed $1.9 trillion, a 58% gain equivalent to $700 billion in the past 21 days.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

Crypto Market Surpasses $1.9 Trillion Cap, Gains $700 Billion in 21 Days

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