Bitcoin market cap surpasses Meta and has risen to the 11th position among the top assets by market capitalization, trailing electric car manufacturer Tesla.
At the time of writing, data from Companies Market Cap reveals Bitcoin’s market cap had reached $533.64 billion, surpassing Meta’s $507.14 billion.
BTC market cap and Meta market cap
Companies Market Cap offers real-time market cap tracking and ranking for exchange-traded funds, precious metals, public companies, and cryptocurrencies.
Merely 24 hours earlier before Bitcoin market cap surpasses Meta, BTC market cap was $433.49 billion, which was almost $37 billion less than Meta’s.
Nonetheless, Bitcoin’s market cap increased by 9.7% over the previous day, moving it up to position 11 among the top assets by market cap, just below electric car manufacturer Tesla.
On February 20, Bitcoin narrowly surpassed the payments company by overtaking Visa’s market cap for the third time in history.
Even though there is currently a $20 billion difference between the two market capitalization, gold still commands the top spot with a $12.59 trillion market cap, followed by Apple in second place with a $2.380 trillion market cap.
Market capitalization
The term market capitalization refers to the market value of a company, market or sector at a particular time which can be regarded as the relative size of the company, market or sector.
Cryptocurrency market capitalization refers to the metric that measures the relative size of the cryptocurrency market.
It is calculated by multiplying the current market price of cryptocurrencies with the total volume of cryptocurrencies in circulation.
About Kumo
Kumo, registered as Kumo Technologies Inc in Delaware, U.S. is a fiat and crypto social payment app which allows users to exchange fiat (NGN) to crypto, save and earn interest in dollar with as low as $5, utility payment such as DSTV subscription, airtime, data among others.
Kumo wallet is your all-in-one social payment app for seamless payment solutions.
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