Originally published on: November 14, 2024
Bitcoin is making waves in the financial world as its market capitalization approaches $2 trillion, surpassing even the likes of Saudi Aramco and getting closer to tech giants. On Nov. 14, Bitcoin reached a market cap of $1.81 trillion, placing it as the seventh-largest asset globally.
In recent days, Bitcoin has climbed up the ranks, overtaking silver and now trailing behind Alphabet, Google’s parent company, which boasts a market cap of nearly $2.2 trillion. The cryptocurrency’s market price has been trading steadily above $90,000, with a recent surge pushing it above $91,000.
As Bitcoin continues its bullish momentum, the entire crypto market cap sits at $3.02 trillion, making it the eighth-largest in GDP terms, just behind major economies like the United States, China, and Germany. Despite its impressive growth, Bitcoin would need to double its market cap to compete with top assets like gold, Nvidia, Apple, Microsoft, and Amazon.
Meanwhile, Ethereum, the second-largest cryptocurrency, is also on the rise with a market cap that recently surpassed the Bank of America. With its market price reaching $3,200 on Nov. 10, Ethereum now stands as the 29th largest asset globally, outpacing companies like Netflix and Johnson & Johnson.
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