It is no newer that Bitcoin has over the years established itself as the leading crypto asset, it has in recent information made another remarkable headway as one of the top 10 ranking assets in the world, leading ahead of giant Technological Companies like Tesla, owned by Elon Musk and a well-known communication giant Visa.
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Bitcoin Market Cap
By the ranking. the largest crypto asset was only preceded by companies like Golf Silver and a few techs. Companies like Amazon, Microsoft, Apple, etc
Bitcoin hit this achievement with a market capitalization of nearly $1 trillion with the price of the coin at $48,179. Bitcoin, Tesla, Visa, and JPMorgan have a market cap of $947.07 billion, $616.47 billion, $567.80 billion, and $503.45 billion individually.
One of the digital currencies that also climbed the list is Ethereum which is way down the rundown at 36th position out of 100.
The asset at the top of the ladder is Gold which sits at a market capitalization of $13.6 trillion. Strikingly, the market worth of gold is currently around $2,039 with a 0.45% decrease overnight.
Over the recent couple of days, Bitcoin has been showing some certain sentiment of a bull run. Observers and analysts in the market likewise are hopeful about the chance of the coin hitting another high in this rally unfolding.
Bitcoin Price In A Bit
CryptoQuant CEO Ki Young Ju as of late communicated his bullish position in regards to Bitcoin price on X.
He went further to anticipate a 160% increment for the coin, expressing that Bitcoin would reach $112,000 or a low of $55,000 this year. Young Ju’s opinion is driven by the tremendous inflow that the spot Bitcoin ETF market has seen over the recent month. Up until this point, the ecosystem has enlisted up to $9.5 billion in inflows, even in the midst of massive Grayscale outflows.
Famous crypto expert Stockmoney Lizard referenced that Bitcoin might have found its new floor price at $40,000. This declaration was drawn from specific examples that he considered including the well-known Bitcoin halving occasion. According to Lizard, a historical pattern has shown that Bitcoin halving always precedes a bull run.
In light of the historical patterns, the next halving is planned to occur in April, consequently, investors might need to anticipate the future viewpoint of Bitcoin after the halving. The past price vacillation was supposed to be a pre-halving downside, which may now be over seeing that the coin is performing better than anyone might have expected.