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Home BREAKING NEWS

Bitcoin Surges Past Saudi Aramco’s Market Cap, Nears Top Tech Companies

Matoy by Matoy
November 14, 2024
in BREAKING NEWS, BUSINESS, CRYPTO
Reading Time: 2 mins read
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  • Bitcoin’s market cap reaches $1.81 trillion, surpassing oil giant Saudi Aramco on Nov. 14.
  • Global crypto market capitalization climbs to $3.02 trillion, approaching GDP levels of top economies.
  • Ethereum’s market cap growth places it ahead of Bank of America and Netflix.

Bitcoin’s market value has reached a historic $1.81 trillion, outpacing Saudi Aramco and placing it among the world’s most valuable assets. Trading at $91,000, Bitcoin now ranks as the seventh-largest asset globally, according to data from CompaniesMarketCap. This recent rally saw Bitcoin overtake silver in market capitalization, continuing an upward momentum that has drawn global investor attention.

Crypto Market Valued Near Top Economies

The combined market cap of cryptocurrencies now stands at approximately $3.02 trillion, positioning it as the eighth-largest economic force, just behind nations like the United Kingdom and France, as per International Monetary Fund data. Bitcoin currently sits behind tech company Alphabet, which holds a market cap of nearly $2.2 trillion. The five largest assets—gold, Nvidia, Apple, Microsoft, and Amazon—still lead, with gold far ahead at around $17.1 trillion.

Ethereum Rises Among Leading Companies

Ethereum, following Bitcoin’s growth, has also reached new milestones in market value. With a recent market price of $3,200, Ethereum’s capitalization now surpasses that of Bank of America, Netflix, and Johnson & Johnson, placing it as the 29th largest asset globally. As cryptocurrencies continue to see strong demand, both Bitcoin and Ethereum’s growth emphasize their expanding roles in global finance.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Bitcoin
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Matoy

Matoy

If Matoy is not busy looking at the latest Web3 news, he's always in the kitchen cooking delicious meals for his family. He's also a competitive fighting game player and a car enthusiast

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