Following the total market capitalization rally, Bitcoin features another place on the top of the asset heap by capitalization surpassing Elon Musk’s Tesla and coming near the silver that continues to be in seventh place with $1.3 trillion.
With Bitcoin reaching the previous ATH as soon as again, its market capitalization reaches $1.25 trillion, which is sufficient to surpass Tesla and achieve extra towards Meta (previously Facebook).
The total cryptocurrency market capitalization has also reached a new ATH of $3 trillion, which places it above giants like Microsoft and Apple that at the moment maintain 2nd and 3rd places on the top of assets ranked by market capitalization.
The present holder of 1st place, Gold, currently has no actual competitors with a $9 trillion lead. In order to attain the first place, cryptocurrency market capitalization would have to quadruple.
Because of the unstable nature of Bitcoin and the cryptocurrency market in general, its capitalization would possibly change quickly and fall again to eighth place, transferring Musk’s company again to 7th place.
It is also important to notice that TSLA inventory is currently down 7% on the NASDAQ premarket. The sellout of TSLA inventory is adopted by Elon Musk’s Twitter poll relating to whether or not or not he ought to keep away from promoting his holdings to pay taxes.
At press time, Bitcoin is trading at $66,000 with a 4.2% everyday profit and is at the moment consolidating on the earlier high.
Source: UToday
