Bitcoin Overtakes Meta to Rank as the 10th Largest Global Asset with a 15 Trillion Market Cap

On a day of glory, the largest cryptocurrency on the market, Bitcoin, reached an epic milestone after increasing in value by more than 8% in one day, establishing a new ATH in its price and surpassing the giant Meta to enter the Top 10 of the global asset ranking. The Global Cryptocurrency Market experienced a significant climb, reaching a market value of US$2.46 trillion today, a jump of 9.10% in just one day. This rise comes in the wake of Donald Trump’s re-election to the presidency of the United States, an event that appears to have injected new optimism into digital asset investors. With Trump’s electoral triumph, Bitcoin managed to establish a new all-time high of $75,456.71, with a market capitalization of around $1.49 trillion at its peak.
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With the recent rise, Bitcoin managed to surpass Meta Platforms (Facebook) in market valuation, establishing itself in tenth position in the global ranking, according to data shared by the Infinite Market Cap platform. The top 3 largest assets in the global ranking is made up of gold with a market capitalization of US$17.9 trillion. NVIDIA and Apple complete the ranking with market values of US$3.5 trillion and US$3.3 trillion, respectively.



Source: Infinite Market Cap
At the time of publication, Bitcoin’s price was trading at $75,295.57, up 7.6% in the last 24 hours. In its weekly development, the asset has appreciated 4.8% in the last seven days. Bitcoin (BTC) trading volume currently stands at $133,488,904,887 over the past 24 hours, representing a 185.10% increase from a day ago and signaling a recent surge in market activity.
Dow, S&P 500, Nasdaq futures, Bitcoin surge on Trump triumph
The United States Financial Markets testified a significant increase on Wednesday, reflecting investors’ reaction to the result of the presidential election, which confirmed Donald Trump as the next president. Trump’s victory, announced after the vote count in Wisconsin by the Associated Press, appears to have injected renewed optimism into the economic scenario, evidenced by the jump in the main market indexes. The Dow Jones Industrial Average posted a massive 2.7% gain, adding more than 1,100 points. Meanwhile, the S&P 500 saw its value increase by around 1.5%, while the technology-focused Nasdaq Composite rose by around 2%. U.S. 10-year Treasury yields also saw a surge, rising 17 basis points to 4.46%.
Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Tags: Bitcoin (BTC) Cryptos