Bitcoin has surpassed Ethereum’s market capitalisation by over $1 trillion and one crypto analyst pointed out it is a new all-time high "for the spread."
Bitcoin’s (BTC) market capitalization has reached $1.35 trillion, now over $1 trillion more than the number two cryptocurrency, Ethereum, amid BTC’s price trading just above $68,000.
The 8.9%% rise in Bitcoin’s market cap — the total value of all virtual issued money — since Oct. 12 has sparked further speculation that Bitcoin has plenty of upward momentum left.
“Bitcoin now has a $1 Trillion market cap lead over Ethereum, a new ATH for the spread,” Glassnode lead analyst James Check opined in an Oct. 19 X post.
