Key Points
- Bitcoin outperformed Meta in market cap, changing into the ninth world asset.
- Earlier, BTC reached a brand new ATH above $75,000, amidst Donald Trump’s win within the 2024 US Elections.
Bitcoin has simply surpassed Meta Platforms (Facebook) by way of market cap, changing into the ninth largest asset on this planet.
Bitcoin – World’s ninth Asset by Market Cap
According to official knowledge, Bitcoin now has a market cap of over $1.465 million, up by virtually 8% previously 24 hours.
Bitcoin surpassed Meta which is at present listed as having a $1.445 trillion market cap, up by 2% previously 24 hours.
The first place is taken by gold with a market cap of over $18 trillion (down by over 2% at present), adopted by Nvidia with greater than $3.4 trillion (up by virtually 3% at present). Apple is listed at over $3.37 trillion, up by 0.65% at present.
The official top consists of all property, reminiscent of public firms, valuable metals, cryptos, and ETFs.
Surpassing Meta is just the start as Bitcoin has greater milestones forward, with predictions of topping $100,000 by 2025.
Bitcoin Hit a New ATH Above $75,000
Earlier at present, BTC hit a brand new ATH above $75,000 because the US elections’ outcomes have been coming in.
At the second of writing this text, BTC is buying and selling above $74,000, up by virtually 8% previously 24 hours.
On November 4th, BTC’s value dipped beneath $67,000, however then noticed a value rebound that peaked earlier at present, reaching a brand new ATH.
BTC’s value surged considerably because the US election outcomes got here in, exhibiting a transparent victory for the Republican Donald Trump.
Trump’s victory comes following large efforts and help from essential names together with Elon Musk, RFK Jr., and others.
In a latest post by way of X, Musk mentioned that the stress was excessive for him as effectively, but it surely pales in comparison with what the US President needed to endure this yr.
Trump has been exhibiting elevated help for the crypto trade all through 2024, with many guarantees that wait to turn out to be actuality.
