Cryptocurrency market value exceeded 500 billion US dollars, surpassing the stock market company

nBuzz comments: With Ethereum and Litecoin soaring to record highs on Tuesday, the total market value of cryptocurrencies hit a record high of 506 billion U.S. dollars at about 7:40 a.m. That number goes beyond the market value of billionaire Warren Buffett’s Berkshire Hathaway Cooperation and above the combined market capitalization of the U.S. banks Citigroup and Wells Fargo.n
nTranslation: Clovern
For the first time, the total market value of all digital currencies exceeded 500 billion U.S. dollars.n
According to Coinmarketcap, the market capitalization of cryptocurrencies has hit a record high of 506 billion U.S. dollars around 7:40 a.m. EST on Tuesday as Ethereum and Litecoin soared to record highs.n
This number is calculated by multiplying the price of cryptocurrencies by the total amount of digital tokens in circulation.n

Warren Buffettn
Recent investors have shown unprecedented attention to the cryptocurrency market and the overall market value now exceeds the market value of the billionaire Warren Buffett’s Berkshire Hathaway Cooperation, The company’s current market capitalization is about 491 billion U.S. dollars. This figure is also higher than the combined market capitalization of Bank of America Citigroup and Wells Fargo, the current market capitalization of the two companies were 2.01 billion US dollars and 297 billion US dollars.n
Encrypted money market “into the unknown area”n
Charles Hayter, chief executive of Crypto Compare, a digital asset comparison site, said his company is working hard to improve service demand.n
In an email to CNBC, Hayter said: “We are about to enter an unknown area where there is significant risk, both regulatory and technical.”n
n”This is in stark contrast to the Internet bubble, and we are in the midst of trying to improve our server to handle the daily traffic of more than 1 million users, with a lot of fear and greed, but in addition, with the new mechanism of value exchange Redefine values ​​in the virtual world. “n
nCBOE introduced its first bitcoin futures contract on Sunday, the world’s largest cryptocurrency won for the first time Wall Street recognition.n

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