Cryptocurrencies achieved another historic milestone this week, as their combined market caps leaped above the $500 billion mark on the heels of an altcoin rally led by the ethereum and ripple prices.
Cryptocurrencies Now Worth Half a Trillion Dollars
The cryptocurrency market cap had begun the day at $467 billion, and it seemed unlikely that it would reach the $500 billion mark this quickly — especially considering that bitcoin ended the day trading sideways. However, fueled by an altcoin surge, the crypto market cap leaped above the $500 billion barrier Tuesday evening and eventually rose as high as $505.9 billion before tapering to a present value of $504.3 billion.
At this level, cryptocurrencies are now worth more than Berkshire-Hathaway, the holding company run by legendary investor — and bitcoin skeptic — Warren Buffett.
Bitcoin Price Holds Above…