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Cryptocurrency Market Valuation Crosses $1T, Bitcoin Zeroes In On Tesla

The combined market valuation of cryptocurrencies crossed the crucial $1 trillion mark late Wednesday, as per data from CoinMarketCap.

Bitcoin Zeroes In On Tesla: Bitcoin (BTC) briefly crossed the $37,000 mark late evening and traded slightly lower at $36,881 at press time.

The world’s apex cryptocurrency alone has a market valuation of $685.76 billion.

This puts Bitcoin ahead of Alibaba Group Holding Ltd. (NYSE: BABA), which has a market valuation of $615.8 billion, and Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A)(NYSE: BRK-B), which has a market valuation of $540.58 billion.

Elon Musk-led electric vehicle maker Tesla Inc. (NASDAQ: TSLA), which saw a record surge in 2020 itself, has a market valuation of $716.59 billion. Read from source….