Bitcoin (BTC) surged back to $50K on Feb. 12, reaching a market capitalization value of $981.86 billion. This milestone once again places Bitcoin among the top 10 most valuable assets globally, in terms of market capitalization.
Recent reports from Cointelegraph highlight Bitcoin’s return to $50K, marking its first achievement since Dec. 2021. Investor excitement surrounding Bitcoin exchange-traded funds (ETFs) and the anticipated ‘halvening’ are believed to have contributed significantly to this surge.
Should bullish sentiment persist, Bitcoin could ascend further in the market capitalization rankings. Its previous peak resulted in a market cap of $1.28 trillion, with each bitcoin valued at $67,617.02.
At present, BTC holds the 10th position, with Meta (formerly Facebook) leading by approximately $235 billion, boasting a value of $1.214 trillion. While surpassing Meta in a single leap seems improbable, recent trends show Meta up 1.73% and Bitcoin up 3.22% over the past 24 hours.
If Bitcoin surpasses Meta, the next targets include silver ($1.28T) and tech giants like Amazon, Nvidia, and Alphabet (all around $1.8T). Subsequently, Bitcoin would need to approach $100K per coin to compete with the likes of Saudi Aramco, Microsoft, and Apple, each valued around $2 trillion. Gold, with a total market capitalization of $13.65 trillion, represents the ultimate obstacle.
Ethereum (ETH) has also seen a rise of 3.45%, with a current market cap of $313.54 billion, placing it in 34th position. Ethereum surpasses Nestle ($294.8B) and Toyota ($307.81B). Analysts speculate on Ethereum’s continued growth alongside Bitcoin, potentially challenging tech giants such as Tencent and Samsung, both valued at less than $400 billion.
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