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

by Matoy
November 14, 2024
in Breaking News, Business, Crypto
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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.

Tags: Bitcoin
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