Bitcoin’s market cap has reached 638 billion U.S dollars and has become one of the world’s most valuable assets, following big names such as Facebook and Tesla.
According to the CoinGecko website, Bitcoin’s price has risen by more than 118% within a month and by around 38% in the past seven days. The current Bitcoin’s price is $40,569. This massive rise in Bitcoin’s price has increased the market cap of cryptocurrencies’ king to $638 billion.
Bitcoin became the eighth global valuable asset on the Asset Dash website after reaching this total market value. The Asset Dash website tracks stock prices, tradable funds, and cryptocurrencies.
Bitcoin replaced Visa and Alibaba on the list less than a month ago. Apple is on the top of the list with a $2.22 trillion, and Saudi Aramco and Microsoft are in the second and third positions with a $1.86 and $1.66 trillion market cap, respectively. Amazon with $1.60 trillion and Alphabet A (Google’s parent company) with $1.22 is ranked fourth and fifth, respectively.
If Bitcoin’s market cap continues to grow, it soon can reach the sixth rank by surpassing Tesla and Facebook. Tesla, the pioneer company in clean energy, is currently ranked sixth with an $834 billion market cap, and Facebook, the giant social media platform, is worth only $11 billion more than Bitcoin.
Bitcoin is not the only cryptocurrency that has experienced such massive growth. Ethereum is currently the 74th valuable asset in the world, with a market cap of $139 billion. Ethereum’s price has increased more than 66% in the past seven days and surpassed well-known companies such as Morgan Stanley and Starbucks.
It is noteworthy that Tether (ranked 455), XRP (676), Litecoin (785), Cardano (861), Bitcoin Cash (922), and Polkadot (933) are other cryptocurrencies that are listed amongst the world’s 1000 most valuable assets.