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BTC has become one of the 10 most valuable assets in the world

Posted on November 10, 2022 by admin

BTC has become one of the 10 most valuable assets in the world

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Answer BTC has become one of the 10 most valuable assets in the world

Bitcoin continues its upward trend and continues to break records in close proximity to the time.

This morning, Bitcoin achieved a new record of $35,766 on the Binance platform, bringing the price of Bitcoin up by more than 75% in the last month and nearly 25% in the past week.

The rise in the price of Bitcoin contributed to the rise in the total market value of Bitcoin to reach 653 million dollars, and as a result, the total market value of the crypto market in general rose to close to achieving its first trillion, as it is only separated from achieving this by 54 billion dollars.

Read:The famous “Barclays” bank invests $ 1.7 million in a startup that uses the currency of Ripple (XRP)

Bitcoin is among the top 10 most valuable assets in the world:

The rise in the price of Bitcoin contributed to its entry into the list of the most valuable assets in the world, according to “Asset Dash,” which tracks stocks, exchange-traded funds, and cryptocurrencies.

Less than two weeks ago, Bitcoin replaced Visa on the list.

Just five days later, Bitcoin beat Berkshire Hathaway, the company run by Bitcoin critic Warren Buffett.

Since then, BTC has also moved past Taiwan Semiconductor Manufacturing.

As for the companies that still outperform Bitcoin in terms of total market capitalization, most of them are giant companies such as Apple, which leads the list, with a total market value of $2.23 trillion, followed by Microsoft $1.65 trillion, Amazon $1.62 trillion, and Alphabet, which stands behind Google Inc. $1.18 trillion. Facebook, $773 billion.

There is also the Chinese company Tencent, which has a market value of $734 billion, and the market value of Tesla, which is managed by Elon Musk, is $696 billion.

Hours ago, the market value of Bitcoin overtook the $650 billion Chinese technology company, Alibaba.

Read:Cryptocurrency prices plummet and total market cap drops below $2 trillion

It is worth noting that Bitcoin is not the only digital currency that is making upward moves in which it competes with global companies, but Ethereum is now a strong asset as well, with a total market value estimated at more than $126.7 billion.

Ethereum is up 50% in the past week, helping it outpace financial services firm Morgan Stanley and Starbucks.

Read also:

What is the hidden message “Satoshi Nakamoto” attached to the launch of Bitcoin?

Explanation of the method of trading digital currencies outside the trading platforms via the “Switcheo” network


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