Originally published on: November 14, 2024
Bitcoin is on fire, surpassing even the world’s biggest oil producer, Saudi Aramco, as its market capitalization nears an impressive $2 trillion. This surge has propelled Bitcoin into the ranks of the top assets in the world, according to the latest data.
On November 14, Bitcoin made history by recording a market cap of $1.81 trillion, climbing to the seventh spot in the list of top assets globally. Its market price hovering above $90,000 has propelled it past silver on November 12 and continues to grow, reaching over $91,000 in just two days.
The overall crypto market cap currently stands at $3.02 trillion, positioning it as the eighth-largest in the world based on gross domestic product terms. Bitcoin now trails behind Alphabet, the parent company of Google, with a market cap of nearly $2.2 trillion in sixth place.
Despite this remarkable growth, Bitcoin still has a long way to go to catch up with the top assets, including gold, Nvidia, Apple, Microsoft, and Amazon, with market capitalizations ranging from $17.1 trillion to $2.25 trillion.
While Bitcoin steals the spotlight, Ethereum is also making waves in the market. Its market capitalization has been on the rise, recently surpassing the Bank of America with a market price of $3,200 on November 10.
As of November 14, Ethereum now ranks as the 29th largest asset worldwide based on market capitalization, having overtaken the likes of Netflix and Johnson & Johnson in just four days.
In the fast-paced world of cryptocurrency, Bitcoin and Ethereum continue to dominate the market, with their market caps reaching new heights. Stay updated on the latest market trends and investment opportunities by subscribing to the Markets Outlook newsletter for critical insights delivered every Monday. Don’t miss out on the exciting prospects in the ever-evolving world of cryptocurrency!
