Originally published on: November 14, 2024
Bitcoin is soaring to new heights, with its market capitalization approaching the $2 trillion mark and putting it in competition with tech giants like Google. The cryptocurrency’s market price has surged above $90,000, surpassing even the largest oil producer, Saudi Aramco.
On November 14th, BitcoinBTC made history by reaching a market cap of $1.81 trillion, making it the seventh-largest asset globally. This milestone was achieved just two days after trading at $89,500. The bullish trend continued as BTC price climbed above $91,000, overtaking Saudi Aramco’s market cap.
The overall crypto market cap currently stands at $3.02 trillion, ranking it as the eighth-largest GDP globally, according to data from the International Monetary Fund. Bitcoin sits just behind Alphabet, Google’s parent company, with a market cap of nearly $2.2 trillion.
Bitcoin may need to double its market capitalization to outpace tech giants like Apple, Microsoft, and Amazon, but its steady growth is indicative of its potential. EthereumETH is also on the rise, challenging traditional financial institutions like the Bank of America as its market price reached $3,200 on November 10th.
As of November 14th, Ethereum ranks as the 29th largest asset globally by market capitalization, surpassing companies like Netflix and Johnson & Johnson in recent days. The cryptocurrency market continues to evolve, offering investors lucrative opportunities and reshaping the financial landscape.
Stay informed on the latest market trends and investment insights by subscribing to the Markets Outlook newsletter. Get exclusive updates every Monday to refine your trading strategies and uncover hidden opportunities in the fast-paced world of cryptocurrency. Subscribe now to stay ahead of the curve and maximize your investment potential.
