According to coinmarketcap data, the total cryptocurrency market capitalizations has surpassed the USD 200 Billion mark.
2017 has been a tremendous year of growth for Bitcoin and Altcoins alike. The start was made with Ethereum on June, hitting new all-time highs at $407 demonstrating a growth over 5000% in just six months.
Bitcoin has been soaring to prices previously unimaginable, breaking previous all-time highs day after day in the last ten days. But that's not the end of the story since Bitcoin has also been up by 500% against the dollar this year, sitting at $123,918,809,949 market cap at the time of writing, making it worth more than many U.S. companies. At this level, one could argue that Bitcoin is worth more than investment bank Goldman Sachs Group Inc. and household names like eBay Inc.
Breaking the $200 billion total value represents a significant milestone for cryptocurrencies overall, and this development could both fuel greater media attention and also motivate more investors to consider digital assets.