Cryptocurrency News

Crypto Market Cap Hits All Time High Over $1.4 Trillion Surpassing Google.

The Crypto markets have hit a big milestone shortly after Elon Musk’s Tesla officially revealed their investment in Bitcoin [BTC].

For the primary time within history, the cryptocurrency market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization.

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.

Moreover, ahead of the record-breaking cryptocurrency market cap, Bitcoin [BTC] and Ethereum [ETH] hit new all-time highs of over $48k and $1.8k, respectively.

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.

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