Cryptocurrency markets have striking a pregnant milestone shortly after Elon Musk'south Tesla officially announced their investment in Bitcoin (BTC).

For the first fourth dimension in history, the crypto marketplace has surpassed Alphabet's GOOG and GOOGL in terms of market capitalization.

On Feb. 10, the total crypto marketplace cap hit $1.413 trillion, overtaking the market cap levels of Google class-A and class-C shares. At the time of writing, the market capitalizations of GOOGL and GOOG corporeality to $ane.39 trillion and $1.404 trillion, respectively.

I-year crypto market capitalization. Source: CoinMarketCap

Crypto market capitalization has been gaining momentum among an ongoing crypto rally this yr, breaking the $i trillion marking in early on January.

Total crypto market cap previously surpassed the marketplace cap level of Tesla, which amounts to effectually $815 billion at the time of writing. Soon afterward crypto markets broke Tesla's marketplace cap, the company made a massive announcement on Feb. 8, reporting a $1.5 billion investment in Bitcoin to the United states of america' Securities and Substitution Commission.

Crypto's recent pump now puts the market behind Amazon, Microsoft and Apple in terms of market cap.

Source: TradingView

Alee of the record-breaking crypto market cap, Bitcoin and Ether (ETH) striking new all-time highs of higher up $48,000 and $1,800, respectively.

Following Tesla's official move into Bitcoin investment, some in the industry speculated that Apple could exist the next institutional role player to adopt the crypto asset.