Bitcoin Returns to Top 10 Global Assets by Market Cap After Rising to $75,000

The ever-volatile cryptocurrency industry benefited from Donald Trump’s growing chances of winning the US presidential election with massive rallies in most assets.

Bitcoin finally surpassed its March all-time high of $73,737 and broke above $75,000 to mark a new peak. Its market capitalization simultaneously exploded to an all-time high of $1.5 trillion at one point.

Although the metric has declined slightly since then, as the price of BTC has dropped to $74,500 now, it has still helped push the cryptocurrency back into the top 10 global assets by market capitalization.

At its current figure of $1.475 trillion, bitcoin is ranked 9th, ahead of giants like Meta Platforms (10th), Berkshire Hathaway (12th), Tesla (14th) and Walmart (16th).

Gold is the absolute leader with a market capitalization of more than $18 trillion, although the price of the metal retreated 1.1% today. NVIDIA follows suit with $3.4 trillion. Next on the list are Apple ($3.377 trillion), Microsoft ($3.06 trillion), Amazon ($2.1 trillion) and Alphabet ($2.08 trillion).

The next BTC targets are Saudi Aramco ($1.775 trillion) and silver ($1.784 trillion). The precious metal is also down today, down more than 3%.

Assets by market capitalization. Source: CompaniesMarketCap

The second largest cryptocurrency by this metric, Ethereum (ETH), has gained about 7% in value over the past day. Its price of nearly $2,600 means its market capitalization is over $310 billion, placing it at No. 34, behind Bank of America, Netflix and Johnson & Johnson.

These are the only two cryptocurrencies on the list of the top 100 largest assets, according to CompaniesMarketCap.

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