Bitcoin market cap flips tech giant Meta, widens gap on Visa

BTC’s market cap has climbed to the 11th spot amongst top assets by market cap and now sits behind electric vehicle maker Tesla.

Despite a turbulent week for crypto following the downfall of Silicon Valley Bank (SVB) and Signature Bank, Bitcoin (BTC) market cap has managed to flip that of tech giant Meta.

At the time of writing, data from Companies Market Cap shows Bitcoin's market cap has reached $471.86 billion, surpassing that of Meta’s market cap of $469 billion.

Companies Market Cap provides real-time monitoring and ranking of market caps for cryptocurrencies, public companies, precious metals, and ETFs.

Bitcoin's market cap standing compared to other assets. Source: Companies Market Cap

Only 24 hours earlier, BTC’s market cap was nearly $37 billion below Meta’s market cap, sitting at $433.49 billion compared to Meta’s market cap of $469 billion.

However, Bitcoin’s market cap rose 9.7% in the past 24 hours, pushing the cryptocurrency to sit in the 11th spot among top assets by market cap, just below electric vehicle maker Tesla.

On Feb. 20, Cointelegraph reported that BTC had flipped the market cap of payment processing giant Visa for the third time in history, putting it just ahead of the payments company.

Related: Bitcoin on-chain data highlights key similarities between the 2019 and 2023 BTC price rally

The gap between the two market caps is now more than $20 billion, though it still is quite a distance from Gold, which sits in first position with a $12.59 trillion market cap, followed by Apple in second place with a $2.380 trillion market cap.

BTC’s price has risen 8.72% in the past 24 hours, currently sitting at $24,441 USD.



from Cointelegraph.com News https://ift.tt/LDGiNo1


from Earning Money & Investing Online with BitcGuide https://ift.tt/lgeu9m3
via BitcGuide

Comments

Post a Comment

Popular posts from this blog

Australia’s Northern Territory mulls landmark crypto gambling regulation

Image
“It's clear from the draft framework that what they're looking at is wagering using cryptocurrency,” said Julian Hoskins, the principle of gambling law and regulatory advisory firm Senet. Australia’s Northern Territory Racing Commission (NTRC) is consulting with its gambling licensees over a tentative proposal to incorporate crypto wagering as part of the regulated gambling industry. For the most part, gambling in Australia is regulated at the state level and not federally. The NTRC oversees all gambling and wagering companies that choose to be licensed in the Northern Territory (NT), including global wagering companies such as Betfair, Entain Group, Draft Kings and Sportsbet. As it stands, the NTRC has sent a private document out to licensees, which seeks input and feedback on what the regulatory landscape could look like to get crypto wagering off the ground in the NT. Julian Hoskins, the principle of one of Australia’s major gambling law and regulatory advisory firms Se...
Read more