Cryptocurrency market capitalization exceeded $ 2 trillion for the first time

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The total cryptocurrency market capitalization reached $ 2.01 trillion – according to CoinGecko. More than half of the total 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 is happening against the backdrop of the bitcoin acceptance 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, Bitcoin Cash, Litecoin and Ethereum 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 which makes his company can now be bought using 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 crypto assets crossed the $ 1 trillion threshold on January 7, when the value of bitcoin reached $ 33 thousand. The last time the digital coin updated its all-time high on March 14 at $ 61.7 thousand. bitcoin.