| -Cryptocurrency market capitalization has surged over $1.4 trillion. -Besides, Bitcoin and Ether (ETH) hit new all-time highs of above $48,000 and $1,800, respectively. -Meanwhile, the crypto-economy doesn’t seem to care about Schiff, a bitcoin hater’s Twitter noise. |
Cryptocurrency market capitalization has surged over $1.4 trillion surpassing Alphabet’s GOOG and GOOGL.
Crypto Market Cap Hits $1.4T
Following Tesla’s $1.5 billion BTC purchase, the crypto market as a whole had a huge rise. Moreover, the market cap has spiked over $1.4 trillion surpassing the market cap levels of Google class-A and class-C shares. At the time of writing, the market capitalizations of GOOGL and GOOG amount to $1.399 trillion and $1.404 trillion, respectively.
Total Market Cap Chart 1-Month (Source: Coinmarketcap)
The crypto market cap is gaining momentum despite an ongoing crypto rally this year. Moreover, breaking the $1 trillion mark in early January. In addition, the total crypto market cap previously surged to the $815 billion market cap level of Tesla, at the time of writing.
Beside the record-breaking crypto market cap, Bitcoin and Ether (ETH) hit new all-time highs of above $48,000 and $1,800, respectively. Following Tesla’s official move into Bitcoin investment. Some in the ecosystem speculated that Apple could be the next institutional investor to adopt the crypto asset.
However, not everyone desires high crypto prices. Moreover, the long time bitcoin hater and gold bug, Peter Schiff tweeted:
“Bitcoin is only a threat to the people who buy it.”
Meanwhile, the $1.4 tillion crypto-economy doesn’t seem to care about Schiff’s Twitter noise.
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