Bitcoin’s price is up over 75% in the previous month and around 25% in the previous week, to reach the $34,000 mark. The boosting price combined with freshly minted Bitcoin has resulted in a market cap of $638B.
Because of this, Bitcoin made it the ninth most-valuable asset in the world.
Two weeks ago, Bitcoin unseated Visa on the list. Five days later, it overcame a $70B deficit to overtake Berkshire Hathaway, the company run by Bitcoin detractor, Warren Buffet. Since then, BTC has also moved past the shares in Taiwan Semiconductor Manufacturing.
Ahead Bitcoin is a prominent row of eclectic companies. Apple leads the way with a market cap of $2.23 trillion, followed by Microsoft ($1.65 trillion), Amazon ($1.62 trillion), Google’s parent company Alphabet ($1.18 trillion), and Facebook ($773 billion).
But the spots from 6 to 8 seem ripe for picking if Bitcoin continues its upward momentum. Shares from Chinese conglomerate Tencent are worth $698B, Elon Musk’s Tesla commands a market cap of $697B, and Alibaba is worth $650B – just $12B more than BTC’s progressing market cap.
Bitcoin is not the only cryptocurrency asset that is in action. Ethereum is now the 82nd-most-valuable asset, with a market cap of over $125B. The asset is up by 50% in the previous week helping it pass financial services firm Morgan Stanley and the pervasive Starbucks.
Other cryptocurrencies in the top 1,000 are; Tether (#475), Litecoin (#804), XRP (#812), Polkadot (#877), Cardano (#922), and Bitcoin Cash (#939).
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