Bitcoin’s market capitalization has climbed to become the 11th largest asset by market cap, trailing only behind Tesla. Despite a tumultuous week in the crypto world following the collapse of Silicon Valley Bank and Signature Bank, Bitcoin’s market cap has surpassed that of tech giant Meta.
Bitcoin’s market cap currently stands at $471.86 billion, surpassing Meta’s market cap of $469 billion.
Just 24 hours prior, Bitcoin’s market cap was nearly $37 billion below Meta’s, at $433.49 billion compared to $469 billion. However, Bitcoin’s market cap has increased by 9.7% in the past 24 hours, placing the cryptocurrency in the 11th spot among top assets by market cap, trailing only Tesla.
On February 20th, Bitcoin had surpassed payment processing giant Visa’s market cap for the third time in history, putting it just ahead of the payments company. The gap between Bitcoin’s market cap and Visa’s is now over $20 billion, but it is still a far cry from Gold, which holds the top position with a $12.59 trillion market cap, followed by Apple in second place with a $2.380 trillion market cap.
In the past 24 hours, Bitcoin’s price has risen 8.72%, currently sitting at $24,441 USD.