Global Ranks For Crypto : Market Cap of Bitcoin Hits $1.96 Trillion

Src: Investopedia

Hello everyone. Bitcoin has recently made headlines by reclaiming the mark of $99,000 with its market cap surging to approximately $1.96 trillion. This shows a significant increase of 1.02% in the past day.

Market cap of Bitcoin places it now as one of the top financial assets globally, surpassing both silver and Aramco, the oil giant of Saudi Arabia. It is now ranked just behind gold, apple, Nvidia, Microsoft, Amazon and Alphabet (Google) in terms of market capitalization.

The price of Bitcoin as of January 6, 2025 fluctuated between $97,314 and $99,265, reflecting a strong recovery after a brief bearish trend. The crypto's fully diluted valuation signals strong investor confidence and market interest.

The surge in Bitcoin price is attributed to multiple factors, including an increase in mining activity (signaled by a high hashrate), institutional investments, and friendly regulatory developments following recent political changes in the United States.

This increase in Bitcoin's value highlights the cryptocurrency's growing acceptance and importance as a major asset class in the financial landscape.

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