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
277
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?
Incidents
Roger Ver has been accused of not paying taxes
May 1, 2024
Mining
After the publication of the financial report, the company’s shares added 5%
Apr 30, 2024
Market
The commission had previously warned the developer of potential enforcement actions
Apr 29, 2024
Market
Funds can be seized by law enforcers due to links to illegal activity
Apr 26, 2024
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024