The cryptocurrency with the largest market capitalization continues to recover from its decline between 2021 and 2022.
Bitcoin stands alone as the world’s leading cryptocurrency.
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He Bitcoin (BTC) increased more than 1650% in Uruguayan pesos during the last 5 years, and the cryptocurrency with the largest market capitalization in the world continues to recover from the abrupt fall it suffered between 2021 and 2022 after touching $70,000.
At this time, the cryptocurrency is trading at 2,176,420.66 pesos per unit for direct purchase on Binance when on March 1, 2019, prior to the Covid-19 pandemic, it did so at a daily average of 124,120.03 pesos according to Google Finance, that is, an increase of more than 1653%.
Over the last five years, the main global cryptocurrency strengthened more than 1,330% against the American dollar; 1,365% against the Canadian dollar; more than 1,370% against the pound sterling; more than 1410% against the euro; more than 1,415% against the Chinese yuan and more than 1,860% against the recently devalued japanese yen.
On Friday, after entering the range of $52,000 per unit, BTC surpassed a market capitalization of $1.02 trillion according to data from Coin Market Cap.
Bitcoin is the tenth most valuable financial asset in the world
This positions crypto as the tenth most valuable financial asset globally, only surpassed by some large companies and a couple of precious metals.
Besides the silver in 8th place and gold In 1st place, ahead of Bitcoin, only the companies Meta, Amazon, Alphabet, Nvidia of USA; Saudi Aramco Saudi Arabia; and Apple and Microsoft, also from the United States.
BTC has already left behind international companies such as Berkshire Hathaway, Broadcom, Eli Lilly, and Tesla from the United States, as well as Taiwan’s TSMC.
Source: Ambito
