Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. On Feb. 10, the total crypto market 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 amount to $1.39 trillion and $1.404 trillion, respectively. Crypto market capitalization has been gaining momentum amid an ongoing crypto rally this year, breaking the $1 trillion mark …
After hitting a new all-time high of more than $48,000 earlier today, the market capitalization of Bitcoin has surpassed the total market cap of the Russian ruble. According to data from AssetDash, Bitcoin’s market cap is $871 billion at the time of publication. This exceeds the money supply of the Russian ruble, which as of January was estimated to be 58.6 trillion RUB, currently valued at roughly $791.1 billion. The crypto asset has also overtaken Tesla Motors in market capitalization after a brief retreat yesterday — the car manufacturer’s market cap is $813 billion at the time of publication, having …
After rising above $66,000 today and reaching a market capitalization of more than $1.2 trillion, Bitcoin has surpassed the total market cap of both car manufacturer Tesla and social media giant Facebook. According to data from AssetDash, Bitcoin (BTC) is now the 6th most valuable asset by market capitalization among major companies, behind Microsoft, Apple, Google's parent company Alphabet, Saudi Aramco, and Amazon. The crypto asset passed Tesla’s and Facebook’s market caps of $1.19 trillion and $975 billion, respectively, as its price hovers close to $66,000 and within striking distance of its all-time high of $67,000. The recent price rise …
After climbing to a price of more than $41,000 on Monday, Bitcoin’s market capitalization has surpassed that of the Russian ruble. According to data from CoinMarketCap, the market cap of Bitcoin (BTC) surged to roughly $780 billion on Monday amid the price rising to $41,391, a 5.7% increase over the last 24 hours. BTC’s market capitalization exceeds the money supply of the Russian ruble, which according to the Central Bank of Russia was 65.3 trillion rubles as of Feb. 1 — roughly $629 billion at the time of publication. The flippening likely occurred as the Russian ruble is undergoing inflation …
A 48% Bitcoin (BTC) price surge since the start of the year has pushed BTC's market cap past that of payment processing giant Visa once again. With the BTC price currently at $24,365, its market cap of $470.16 billion is now marginally above that of Visa with a market cap of $469.87 billion, according to CoinMarketCap. This is the third time that BTC has "flippened" the market cap of Visa, according to Companies Market Cap. The first time came in late December 2020 when BTC also happened to hit $25,000 for the first time. This was achieved during a price …