The Crypto markets have hit a big milestone shortly after Elon Musk’s Tesla officially revealed their investment in Bitcoin [BTC].
Today on 10th Feb., the entire cryptocurrency market cap hits a massive $1.413 trillion, overtaking the market cap levels of Google class-A and class-C shares. At the reporting time, the market cap of GOOGL and GOOG amount to $1.39 trillion and $1.404 trillion, respectively.
Crypto market capitalization has been gaining momentum amid an ongoing cryptocurrency rally this year, breaking the $1 trillion mark earlier in the month of January.
Total cryptocurrency market cap earlier surpassed the market cap level of Tesla, which amounts to nearly $815 Bln at the time of reporting. Soon after cryptocurrency markets broke Tesla’s market cap, the firm made a huge announcement earlier on 8th Feb., reporting a $1.5 Bln investment in Bitcoin to the U.S SEC [Securities and Exchange Commission].
Cryptocurrency’s recent pump now puts the market behind Amazon, Microsoft, and Apple in terms of market capitalization.
Following Tesla’s official enter into Bitcoin investment, some within the industry speculated that Apple might be a subsequent institutional player to adopt the cryptocurrency asset in the mere future.