Bitcoin

Rise

<ul>
 <li><strong>Bitcoin has overtaken Meta, previously known as Facebook, ranking as the ninth most valuable asset globally with a market cap of $1.472 trillion.</strong></li>
 <li><strong>Despite its recent gains, Bitcoin still trails behind other major assets, including silver, in the race to become the world’s most valuable asset.</strong></li>
</ul>
<p>In a remarkable financial milestone, <a href="https://www.ethnews.com/analysts-predict-bitcoin-could-reach-90000-following-trumps-victory-market-shows-strong-response-to-political-events/" rel="noopener noreferrer nofollow">Bitcoin</a> has eclipsed Meta, ascending to become the ninth most valuable asset on the planet. This advancement comes as Bitcoin’s market capitalization hit a staggering $1.472 trillion, surpassing Meta’s valuation of $1.430 trillion according to CompaniesMarketCap data.</p>
<h2 id="the-rise-to-prominence">The Rise to Prominence</h2>
<p><a href="https://www.ethnews.com/will-ethereums-next-ath-start-an-altcoin-rally-bitcoin-millionaire-picks-20-30x-cryptos-to-buy-now/" rel="noopener noreferrer nofollow">Bitcoin</a>‘s recent surge to a new all-time high of $75,300 marked a significant 7% increase in its price, catalyzing its ascension in the asset rankings. This surge is notably influenced by the recent U.S. presidential election, where Donald Trump’s victory has been seen as a positive development for the cryptocurrency market.</p>
<p>The significance of Bitcoin’s valuation is not merely in its surpassing of Meta but in what this represents for the broader cryptocurrency landscape. The asset’s new valuation threshold signifies a profound level of trust and interest globally in blockchain technology and cryptocurrencies as a whole. It also reflects the growing acceptance of <a href="https://www.ethnews.com/market-experts-predict-8500-surge-for-this-0-035-token-when-bitcoin-shatters-70k-milestone/" rel="noopener noreferrer nofollow">Bitcoin</a> as a legitimate investment class, shifting perceptions and recognizing its potential in the financial ecosystem.</p>
<p>However, while <a href="https://www.ethnews.com/president-mileis-administration-considers-integrating-digital-currencies-to-foster-economic-innovation-despite-not-being-a-bitcoin-advocate/" rel="noopener noreferrer nofollow">Bitcoin</a> has achieved a new record in its market cap, it remains behind silver, which boasts a market capitalization of $1.76 trillion. This gap underscores the enduring value of traditional precious metals in the global market, despite the digital asset’s impressive growth.</p>
<p>Amid this significant financial shift, the behavior of <a href="https://www.ethnews.com/deutsche-telekom-ventures-into-bitcoin-mining-with-renewable-energy/" rel="noopener noreferrer nofollow">Bitcoin</a> remains somewhat unpredictable. With Bitcoin entering uncharted price territory, there are no clear resistance or support levels, which could make future price movements even more unpredictable. This presents a new set of challenges for investors and market analysts, as they navigate a landscape without historical price patterns to guide them.</p>
<p>The accomplishment of surpassing Meta highlights not only <a href="https://www.ethnews.com/revolutionizing-cryptocurrency-alph-mining-consumes-only-one-eighth-the-energy-of-bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a>‘s financial worth but also cements its standing in the global economy. However, to reach the pinnacle of the global assets list, Bitcoin will need to surpass other titans such as Saudi Aramco, Alphabet, Amazon, Microsoft, Apple, Nvidia, and of course, gold, which currently holds a market value of approximately $17.984 trillion.</p>
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<p>The post <a href="https://www.ethnews.com/bitcoin-surpasses-meta-to-become-the-worlds-ninth-most-valuable-asset/" rel="noopener noreferrer nofollow">Bitcoin Surpasses Meta to Become the World’s Ninth Most Valuable Asset</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Bitcoin Surpasses Meta to Become the World’s Ninth Most Valuable Asset

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