Cryptocurrency market cap hits $1.4T and surpasses Google stock
Crypto currency markets took a big step forward shortly after Elon Musk’s Tesla officially announced its investment in bitcoin (BTC).
For the first time, the cryptocurrency market has surpassed Alphabet’s GOOG and GOOGL shares in terms of market capitalization.
On the 10th. In February, the total market capitalization of cryptocurrencies reached $1.413 trillion, surpassing the market capitalization of Google’s Class A and Class C stocks. At the time of writing, the market capitalization of GOOGL and GOOGL is $1.39 trillion and $1.404 trillion, respectively.
Market capitalization in the crypto industry for one year. Source: CoinMarketCap
The market capitalization of cryptocurrencies continues to grow as the crypto rally continues this year, passing the $1 trillion mark in early January.
The entire cryptocurrency market used to be larger than Tesla’s market capitalization, which at the time of writing was about $815 billion. Shortly after the cryptocurrency markets surpassed Tesla’s market capitalization, the company made a major announcement on the 8th. February made a massive announcement, declaring a $1.5 billion investment in bitcoin to the U.S. Securities and Exchange Commission.
The latest cryptocurrency pump now puts the market behind Amazon, Microsoft and Apple in terms of market capitalization.
Prior to the cryptocurrency market record, Bitcoin and Ether (ETH) reached new highs of over $48,000 and $1,800 respectively.
Following Tesla’s official entry into bitcoin investing, some players in the industry have speculated that Apple could be the next institutional player to enter the crypto asset space.
frequently asked questions
What is the total capitalization of the cryptocurrency market?
Today’s crypto currency prices by market capitalization The total volume of the crypto currency market over the past 24 hours is $120.61 billion, down 7.92%.
What is the largest capitalization in the cryptocurrency market?
all positions all
Is market size important for cryptocurrencies?
The market constraint is price, not value. It does not reflect the value of the company or crypto asset you are investing in. This is a fundamental difference that is often overlooked. The price is what you pay for a coin or token, it has nothing to do with what you actually get, the so-called value.