The total market capitalization of all cryptocurrencies has broken into new highs, with coinmarketcap indicating that the market cap of the combined crypto markets is approximately $760 billion USD as of this writing.
The Total Market Capitalization of All Cryptocurrency Markets Is Greater Than That of Google
The market capitalization of the combined cryptocurrency markets has exceeded that of the second largest global company by market cap, Alphabet (Google). The market cap of Alphabet retraced to $650 last month, following a record high of $688 billion in November. Currently, the sole company with a total capitalization larger than that of the combined crypto markets is Apple with $883 billion.
The $760 billion dollar valuation makes the total capitalization of the cryptocurrency markets larger than Switzerland’s current GDP – which is the 19th largest in the world according to IMF data.
Bitcoin’s market cap is approximately $260 billion, having deflated from the record high of $320 billion witnessed last month. Bitcoin’s total capitalization is currently larger than the annual GDP of the 44th largest economy, the Czech Republic. Since January 2017, the market cap of BTC has increased by more than 1,500%, comprising its best performing calendar year in recent memory…