Despite a turbulent week for cryptocurrencies following the fall of Silicon Valley Bank (SVB) and Signature Bank, bitcoin (BTC) market capitalization has managed to outperform that of tech giant Meta.
At the time of writing, Companies Market Cap data shows that Bitcoin’s market capitalization has reached $471.86 billion, surpassing the $469 billion Target.
Companies Market Cap offers real-time tracking and ranking of the market capitalization of cryptocurrencies, public companies, precious metals, and exchange-traded funds.
Just 24 hours earlier, BTC’s market cap was nearly $37 billion lower than Meta’s of $433.49 billion.
However, Bitcoin’s market capitalization rose 9.7% in the past 24 hours, bringing the cryptocurrency 11th among the largest assets by market capitalization, just below electric vehicle maker Tesla.
On Feb. 20, Cointelegraph reported that BTC had surpassed the market capitalization of payment processing giant Visa for the third time in history, ranking just ahead of the payments company.
The difference between the two market capitalizations is now more than $20 billion, although it is still quite a ways from gold, which holds the top position with a market capitalization of USD 12.59 trillion, followed by Apple in second place with a market capitalization of USD 2.380 trillion.
The BTC price has risen 8.72% in the last 24 hours, standing at $24,441.
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