The Bitcoin price has risen by over 85% in the last month and by almost 35% in the last week to reach the 40,000 USD mark. That’s good enough to make BTC the ninth most valuable asset in the world, according to Asset Dash, which tracks stocks, exchange-traded funds and cryptocurrencies.
Less than two weeks ago Bitcoin surpassed Visa on this list. Then, just five days later, BTC overcame a $ 70 billion deficit to overtake Berkshire Hathaway, the company run by Warren Buffett. Since then, BTC has also moved past the equity value of Taiwan Semiconductor Manufacturing. Bitcoin also overtakes one Blue-Chip company.
Apple leads the list with a market capitalization of 2.23 trillion USD, followed by Microsoft ($1.65 trillion), Amazon ($1.62 trillion), Google-the parent company, Alphabet ($1.18 trillion) and Facebook ($773 billion).
Top places 6 to 8 look achievable if Bitcoin can continue its upward swing. The shares of the Chinese group Tencent are worth US $ 698 billion, Elon Musk’s Tesla has a market capitalization of us $ 697 billion and the Chinese Tech company Alibaba is worth US $ 650 billion, just US $ 12 billion more than the market capitalization of BTC.
The capitalization of the crypto market exceeded $1 trillion
For the first time, the crypto market has achieved a total capitalization of $ 1 trillion. This is a significant event for the industry, which has shown astronomical growth in recent years, the crypto capitalization increased by 420%.
At the same time, a large part of the value comes from Bitcoin, which currently has a dominance of approximately 68%. The second place in the market price is of the Ethereum Ethereum (ETH).
Over the past years, the top 10 cryptocurrencies have constantly changed, at the moment the first and second place remained for BTC and ETH, while the popular stablecoin USDT (Tether) settled on the third.