Despite having fallen a little in value, the market capitalization of Bitcoin continues to rise and already surpasses silver and is going after Alphabet’s Google.
He Bitcoin It slows its rise towards $73,000, but its market capitalization continues to increase, reconfiguring the asset ranking.
Bitcoin reached a new record by surpassing $72,500. With this milestone, the cryptocurrency registers an increase of 3.60% on the day, accumulating a weekly gain of 10.4%. This move has resulted in the liquidation of around $50 million in leveraged positions, with $44 million of these being shorted. According to CoinGlass data, the majority of these liquidations occurred on the OKX platform.
Despite having regressed a little in its value, Bitcoin’s market capitalization continues to rise and already surpasses silver and is going for Googlefrom Alphabet.
Ranking by marketcap
Thus, according to the top 10 assets by market capitalization which includes public companies, precious metals, cryptocurrencies and exchange-traded funds (ETFs), gold is the king of the marketcap. However, in that ranking there is also the Bitcoin, who rises to position Number 8, above companies like Meta Platforms and Berkshire Hathawayof Warren Buffett.
Above Bitcoin is Google’s parent company, Alphabetwith a marketcap of US$1.7 billion. Amazon, with US$1.8 billion and the Riyadh oil company Saudi Aramco, with US$2 billion. Bitcoin, which is steadily advancing in that ranking, has US$1.3 trillion, So if the constant flow of capital recorded by spot ETFs continues, it may not stop climbing.
Source: Ambito
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