Monday, June 14, 2021
JAY TALKS CRYPTO
No Result
View All Result
  • Home
  • Bitcoin
    • Bitcoin Live
  • Ethereum
  • Cryptocurrency
    • Cryptocurrency live
  • Altcoins
    • Altcoins Daily
  • Cardano
    • Cardano Price Prediction
  • XLM Live
    • XLM
  • XRP
  • Litecoins
  • Dogecoin
  • More
    • Coingecko
    • Coin Bureau
  • Videos
JAY TALKS CRYPTO
No Result
View All Result
Home Cryptocurrency

Apple (AAPL), Google (GOOG), Tesla Motors (TSLA) - Cryptocurrency Market Is Zeroing In On Apple Valuation Above $2T

admin by admin
April 12, 2021
in Cryptocurrency
0
Apple (AAPL), Google (GOOG), Tesla Motors (TSLA) – Cryptocurrency Market Is Zeroing In On Apple Valuation Above $2T
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


The cryptocurrency market continues to grow in terms of market capitalization, standing at $2.07 trillion, as of press time.

What Happened: This compares with Apple Inc.’s (NASDAQ:APPL) valuation of $2.23 trillion, as per Friday’s closing price of $133 per share.

The iPhone maker is the world’s most valuable publicly traded company at the moment.

The cryptocurrency market briefly touched the $2 trillion mark earlier this month, according to some market data compilers, and has found its way back there again, with altcoins leading the charge.

Bitcoin (BTC) is trading mostly unchanged over 24 hours at $60,175.48 at press time, giving it a market capitalization of $1.12 trillion, as per CoinMarketCap (CMC) data.

The cryptocurrency’s market capitalization stands ahead of the valuation of companies like Facebook Inc. (NASDAQ:FB) and Tesla Inc. (NASDAQ:TSLA), which are valued at $889.8 billion and $649.9 billion, respectively.

Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) has a market valuation higher than that of Bitcoin at $1.54 trillion.

Why It Matters: The move assumes significance as much of the later rise in cryptocurrency market capitalization has come from the so-called altcoins — meaning, cryptocurrencies beside Bitcoin.

Total market capitalization of cryptocurrencies besides Bitcoin is sharply rising this year. Courtesy: CoinMarketCap

Bitcoin market dominance has reduced to 54.1% as of press time, compared to 69.7% in January and over 91.5% about five years ago.

The shrinking Bitcoin market dominance. Courtesy: CoinMarketCap

Ethereum (ETH) dominance has also decreased from about 12.8% in January to 12.04% at press time. The world’s second-largest cryptocurrency is trading 0.5% higher at $2,150.3.

Benzinga’s Take: Multiple cryptocurrency analysts have described the onset of an “alt season,” where Bitcoin often gets outperformed by minor coins. Yet, at the same time, there’s reason to be cautious as such rallies have proved to be short-lived in the past, and minor cryptocurrencies are subject to extreme volatility.

Read Next: 5 Best-Performing Cryptocurrencies Of Q1 (No — Bitcoin, Dogecoin Don’t Make The Cut

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.



Source link

Related articles

What you need to know to start investing in cryptocurrency right now

What you need to know to start investing in cryptocurrency right now

June 14, 2021
Ethereum cryptocurrency creator voices concern over carbon footprint

Ethereum cryptocurrency creator voices concern over carbon footprint

June 14, 2021
Tags: AAPLAppleCryptocurrencyGOOGGooglemarketMotorsTeslaTSLAvaluationZeroing
Share76Tweet47

Related Posts

What you need to know to start investing in cryptocurrency right now

What you need to know to start investing in cryptocurrency right now

by admin
June 14, 2021
0

MarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a...

Ethereum cryptocurrency creator voices concern over carbon footprint

Ethereum cryptocurrency creator voices concern over carbon footprint

by admin
June 14, 2021
0

By Matthew Sparkes Vitalik Buterin (right), the creator of Ethereum, speaking in Seoul, South Korea in April 2019YONHAP/EPA-EFE/Shutterstock The...

A Rundown of Cryptocurrency Regulations Across the World

A Rundown of Cryptocurrency Regulations Across the World

by admin
June 14, 2021
0

These countries have cryptocurrency regulations, governing crypto transactions.Cryptocurrency has been here for a long time now. However, its mainstream...

COVID Hits Miami Cryptocurrency Conference – Commercial Observer

COVID Hits Miami Cryptocurrency Conference – Commercial Observer

by admin
June 13, 2021
0

Part of the emergence of Miami as a more and more realistic alternative to New York for businesses has...

Cryptocurrency isn’t as impenetrable as you think. This training even explains how to make your own

Cryptocurrency isn’t as impenetrable as you think. This training even explains how to make your own

by admin
June 13, 2021
0

TLDR: The Cryptocurrency with Ethereum and Solidity Blockchain Developer Bundle explains the entire crypto phenomenon and also explores creating...

Load More
  • Trending
  • Comments
  • Latest
2021 Coinbase Debit Card Review • Pros, Cons & More • Benzinga

2021 Coinbase Debit Card Review • Pros, Cons & More • Benzinga

April 14, 2021
MASSIVE NEWS Hokkaido inu Exchange news+ More! 1000x gem! If you missed shiba inu dont miss this!

MASSIVE NEWS Hokkaido inu Exchange news+ More! 1000x gem! If you missed shiba inu dont miss this!

May 12, 2021
Kishu Inu Mega pump! We called it first! Kishu inu Pump update+ Discord updates!

Kishu Inu Mega pump! We called it first! Kishu inu Pump update+ Discord updates!

May 15, 2021
Shiba Inu coin 1000x Exchange+massive news+ Shib Price Prediction!

Shiba Inu coin 1000x Exchange+massive news+ Shib Price Prediction!

May 11, 2021
Stellar Lumens Is Volatile, But It Has a Bright Future

Is Stellar Lumens on the Right Path to Mainstream Credibility?

0
Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC

Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC

0
Risky business

Risky business

0
Cardano Price Analysis: 07 March

Cardano Price Analysis: 07 March

0
Stellar Lumens Is Volatile, But It Has a Bright Future

Is Stellar Lumens on the Right Path to Mainstream Credibility?

June 14, 2021
Bitcoin $49470, Ripple $1.03600, Dogecoin $0.45. Cryptocurrencies Price Prediction – European Wrap

Elon Musk energizes BTC bullish thesis, with ETH and XRP range-bound

June 14, 2021
Ethereum investment products see largest weekly outflows on record — CoinShares

Ethereum investment products see largest weekly outflows on record — CoinShares

June 14, 2021
Bitcoin tests resistance at $40,000, altcoins await the outcome of this battle

Bitcoin tests resistance at $40,000, altcoins await the outcome of this battle

June 14, 2021

Recent News

Stellar Lumens Is Volatile, But It Has a Bright Future

Is Stellar Lumens on the Right Path to Mainstream Credibility?

June 14, 2021
Bitcoin $49470, Ripple $1.03600, Dogecoin $0.45. Cryptocurrencies Price Prediction – European Wrap

Elon Musk energizes BTC bullish thesis, with ETH and XRP range-bound

June 14, 2021

Categories

  • Altcoins
  • Altcoins Daily
  • Bitcoin
  • Bitcoin Live
  • Cardano
  • Cardano Price Prediction
  • Coin Bureau
  • Coingecko
  • Cryptocurrency
  • Cryptocurrency live
  • Dogecoin
  • Ethereum
  • Litecoins
  • Videos
  • XLM
  • XLM Live
  • XRP

Follow Us

Calculator

 
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Jay Talks Crypto  

No Result
View All Result
  • Home
  • Bitcoin
    • Bitcoin Live
  • Ethereum
  • Cryptocurrency
    • Cryptocurrency live
  • Altcoins
    • Altcoins Daily
  • Cardano
    • Cardano Price Prediction
  • XLM Live
    • XLM
  • XRP
  • Litecoins
  • Dogecoin
  • More
    • Coingecko
    • Coin Bureau
  • Videos

© 2021 Jay Talks Crypto