Market Cap Nears $3 Trillion Milestone

The crypto economy closed the week in the green, with total market capitalization jumping from $2.87 trillion on Sept. 20 to $2.99 trillion—a 4% increase. In fact, the market breached $3 trillion on Tuesday as bitcoin and several altcoins reached multi-month highs.

By Thursday, total market capitalization fell back below the $3 trillion threshold as bitcoin dropped from over $87,000 to $84,000, pulling its market cap below $1.7 trillion. Despite the pull-back, the top cryptocurrency still ended the week up 4%. With just three days left in September, the price action increases the likelihood of a double-digit monthly gain.

While bitcoin posted modest gains, moving closer to breakeven for the…