Bitcoin market cap flips tech giant Meta, widens gap on Visa

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Despite a chaotic week for crypto, Bitcoin's (BTC) market cap has managed to overtake tech giant Meta, while furthering its lead on payments giant Visa.

from Companies Market Cap shows Bitcoin's market cap has reached $471.86 billion, surpassing that of Meta’s market cap of $469 billion., public companies, precious metals, and ETFs.Only 24 hours earlier, BTC’s market cap was nearly $37 billion below Meta’s market cap, sitting at $433.49 billion compared to Meta’s market cap of $469 billion.

However, Bitcoin’s market cap rose 9.7% in the past 24 hours, pushing the cryptocurrency to sit in the 11th spot among top assets by market cap, just below electric vehicle maker Tesla.of payment processing giant Visa for the third time in history, putting it just ahead of the payments company.Bitcoin on-chain data highlights key similarities between the 2019 and 2023 BTC price rally

The gap between the two market caps is now more than $20 billion, though it still is quite a distance from Gold, which sits in first position with a $12.59 trillion market cap, followed by Apple in second place with a $2.380 trillion market cap.

 

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$BTC’s market cap was nearly $37 billion below Meta's, sitting at $433.49 billion. However, Bitcoin's market cap rose 9.7% in the past 24 hours, pushing the cryptocurrency to sit in the 11th spot among top assets by market cap, just below electric vehicle maker Tesla.

Ah yes, nothing says stability like a chaotic week in crypto!

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