Bitcoin overtakes Visa by capitalization and becomes the 11th largest asset in the world
Cryptocurrency first surpassed the payment company in December 2020
20.02.2023 - 15:00
374
1 min
0
Bitcoin, the world’s first cryptocurrency, gained 15% in the past week to trade at US$24,885 and 7 p.m. in Hong Kong, surpassing payments giant Visa in market capitalization for the third time in history.
Fast facts
- Bitcoin’s US$479 billion market capitalization currently sits around US$10 billion above Visa’s US$469 billion market cap, making it the 11th largest asset in the world, according to Companies Market Cap data.
- Visa shares dipped 1.01% during the day to trade at US$223.56, according to data from Yahoo Finance.
- The development comes days after Bitcoin printed its first weekly “death cross” as it briefly climbed above US$25,000 for the first time since August 2021, following a record January for the world’s first cryptocurrency.
- The first time Bitcoin flipped Visa in market cap was in December 2020, when BTC prices exceeded US$25,000 for the first time.
- Bitcoin’s market cap is also around US$135 billion larger than Mastercard’s US$344 billion market cap, which is the second-largest payment-processing corporation worldwide.
This material is taken from the website forkast.news.
Useful material?
Telegram 
Twitter Mining
Along with this, the company will reduce non-mining business units
Nov 8, 2024
Market
Earlier, Trump promised to include the first cryptocurrency in the country’s reserves if re-elected as president
Nov 7, 2024
Incidents
According to the publication, the platform’s activities fall under the definition of gambling
Nov 7, 2024
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Cryptocurrency rates
-
Bitcoin
$76 038
BTC
+1.37%
-
Ethereum
$2 915.42
ETH
+3.67%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$0.550065
XRP
+0.18%
-
Dogecoin
$0.196974
DOGE
+2.58%
-
Cardano
$0.437036
ADA
+16.97%
-
Bitcoin Cash
$373.26
BCH
-1.29%
-
Polkadot
$4.31
DOT
+5.45%
-
Litecoin
$71.47
LTC
+0.81%
-
Stellar XLM
$0.101326
XLM
+2.82%