From $467B to $500B in 1 Day
According to CryptoCoinsNews, the cryptocurrency industry began Tuesday at a combined market cap of $467 billion, with bitcoin having ended the previous day with sideways trading. Given how far off that market cap total was from $500 billion, and the recent performance of bitcoin, it seemed unlikely that the landmark market capitalization would be reached as quickly as it was.
Nonetheless, by the end of the day on December 12, and thanks to a surge among altcoins, the total market cap for the space climbed as high as $505.9 billion before ending the day at $504.3 billion. For comparison, at that level, cryptocurrencies as a group are worth more than Warren Buffett's conglomerate Berkshire Hathaway, the legendary holding company.
