The capitalization of the cryptocurrency market for the first time exceeded $2 trillion, says the expert of the crypto exchange Bitextok
The crypto market has approached the capitalization of Apple, which is $2.06 trillion, said the expert of the crypto exchange Bitextok.
The total capitalization of the cryptocurrency market, according to Bitextok.com. Reached $2.01 trillion at 18:50 Moscow Time. More than half of the total volume is the capitalization of bitcoin — $1.1 trillion. In second place is Ethereum ($245 billion). The third position is occupied by Binance Coin with a capitalization of $58 billion.
Crypto market approached the capitalization of Apple, says the Bitextok
Thus, the crypto market approached the capitalization of Apple ($2.06 trillion), and exceeded the capitalization of Microsoft ($1.82 trillion). This is happening against the background of the recognition of bitcoin by institutional investors and the use of the digital coin as a means of payment. Last week, PayPal allowed users to pay with cryptocurrency. Customers of the service who hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin on their accounts can already use them to pay for goods and services says the expert of the crypto exchange Bitextok.com
At the end of last month, Tesla CEO Elon Musk announced that now electric cars that his company produces can be bought for bitcoins. So far, this opportunity can only be used by residents of the United States. But Musk promised to make it available to everyone by the end of this year.
For the first time, the market capitalization of crypto assets crossed the threshold
For the first time, the market capitalization of crypto assets crossed the threshold of $1 trillion on January 7. When the value of bitcoin reached $33 thousand. The last time the digital coin updated the historical maximum on March 14 at $61.7 thousand. At 18:50 Moscow time, the cryptocurrency is trading at $58.9 thousand per bitcoin.