Cryptocurrency market approached Apple's $ 2.06 trillion capitalization
The total cryptocurrency market capitalization, according to CoinGecko , reached $ 2.01 trillion at 18:50 Moscow time. More than half of the total volume is Bitcoin capitalization – $ 1.1 trillion. In second place is Ethereum ($ 245 billion). The third position is taken by Binance Coin with a capitalization of $ 58 billion.
Thus, the crypto market approached Apple's capitalization ($ 2.06 trillion) and exceeded Microsoft's capitalization ($ 1.82 trillion). This comes against the backdrop of the acceptance 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. Clients of the service who hold bitcoin, Ethereum, Bitcoin Cash and Litecoin on their accounts can already use them to pay for goods and services.
At the end of last month, Tesla CEO Elon Musk announced that the electric vehicles his company makes can now be bought for bitcoins. So far, only US residents can use this opportunity, but Musk promised to make it available to everyone by the end of this year.
For the first time, the market capitalization of cryptoassets crossed the $ 1 trillion threshold on January 7, when the value of bitcoin reached $ 33 thousand.The last time the digital coin renewed its all-time high on March 14 at $ 61.7 thousand. bitcoin.