Bitcoin surpasses Berkshire Hathaway, Nvidia, and Facebook to enter the top 10 list of world assets by market cap while Ethereum Overtakes Mastercard, Nestle, and Alibaba to Become 27th Largest Global Asset.
Interestingly, the world’s largest cryptocurrency Bitcoin has moved ahead of popular companies like Facebook, now renamed Meta, Visa, JPMorgan Chase, and Samsung.
Bitcoin, which had a market capitalization of $200 billion less than two years ago, was initially ranked in the top 30 spots in the ranking.
However, following the widespread adoption of Bitcoin by both retail and institutional investors, its market cap has soared to $832.13 billion, which puts it as the 9th largest asset in the world.
It is worth noting that Bitcoin also had its fair share of price crashes in January, as its price dipped below $33,000.
Ethereum:
The second-largest cryptocurrency by market capitalization, Ethereum (ETH), is currently ranked the 27th largest asset in the world, surpassing major brands like Nestle, Exxon Mobil, Mastercard, and Alibaba.
According to data on Companies Market Cap, Ethereum became the 27th largest global asset after hitting a market cap of $379.55 billion.
The remarkable achievement for the second-largest cryptocurrency puts the digital assets ahead of popular firms like Mastercard, Nestle, and Alibaba, which currently have a market cap of $373.68 billion, $354.80 billion, $342.93 billion, respectively.
Ethereum achieved the feat after the crypto market recovered from a massive price crash in January that wreaked havoc on all cryptocurrencies, including Bitcoin (BTC).
Recall that after Ethereum peaked at $4,878 in November 2021, ETH price has suffered a major correction, falling below $2,300 in January 2022.
However, a number of developments have prompted the crypto market to recover from bearish price movements, with ETH not left out.
ETH is changing hands around $3,184 across major cryptocurrency exchanges at press time.