The total cryptocurrency market cap surpasses the one of Apple as it went for the record high of $2.2 trillion so let’s read more in our latest cryptocurrency news.
With Bitcoin, ETH, and the rest of the alternative coins that reached for new ATH as well over the past 24hours, the cumulative market cap of all crypto assets surged to a new record level above $2.2 trillion which mean that the total cryptocurrency market cap surpassed the one of Apple as of late.
After a few weeks of suffering below the $60K price line, BTC emerged and skyrocketed. In the long-anticipated momentum from the community, the main cryptocurrency initiated an impressive increase which resulted in breaking the previous ATH record of $61,800. Also, BTC continued even higher and marked a new record of over $63,700 with ETH following in and hitting a new ATH of $2300.
XRP was on a roll lately as well with another 34% surge and a 3-year record of $1.85 so the situation with the rest of the altcoins was quite bullish as well with some impressive gains. This led to a boost for the cumulative market cap of all assets and as per the data from CoinGecko, the metric added about $150 billion in one day and reached a new ATH of $2.260 trillion. This is about a 10x increase in the year as the market cap was down to $200 billion in 2020.
With the latest record, the market cap of all crypto assets breached the one of Apple and the data from AssetDash shows that the company has a market cap of $2.20 billion. The crypto market became more valuable than the US multinational technology company and as one of the most discussed topics in the community remained whether or not “we are still early.” The general answer has been yes so far and as Tyler Winklevoss said: “we are still in the first inning.”
Surpassing Apple sounds like much but there’s also another aspect of the story. Exceeding Apple’s market cap is an impressive milestone and worth noting that this is just one company. The five other companies include Saudi Aramco, Amazon, Microsoft, and Google with a total market cap of $9.3 trillion. The estimated market cap of gold is now over $11 trillion.
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