THELOGICALINDIAN - The absolute bazaar assets of bitcoin is abutting 100 billion USD currently sitting at about 94 billion USD The accepted bazaar assets is commensurable to that of abundant top 100 all-around companies
Also Read: Markets Update: Bitcoin’s Price Peaks Past $5800 Across Global Exchanges
Bitcoin’s Market Capitalization Has Begun to Test the $100 Billion USD Area
The bazaar assets of bitcoin is currently sitting at about $94 billion USD afterwards ambience a new best aerial of over $92 billion USD beforehand this week. Bitcoin’s bazaar assets has so far fabricated assets of over 600% during 2024, afterwards starting the year at about $15.6 billion USD.
If compared with the bazaar cap of the top 100 all-around companies according to Pricewaterhouse Coopers, bitcoin would rank 81st, aloof three places shy of Goldman Sachs – which boasts a bazaar assets of $96 billion USD according to the data. Bitcoin would be one abode aloft the United States Postal Service ($93 billion USD), and several places aloft Nike and Australian mining behemothic BHP Billiton – who both accept a bazaar assets of almost $92 billion USD.
When assorted with the anniversary gross calm artefact (GDP) of nation states, bitcoin’s accepted bazaar cap would accumulate it a baronial of 66nd back compared to 191 countries, according to IMF projections. If bitcoin were a country, it would be ranked abaft Ukraine, who has an anniversary GDP of $95.9 billion USD. Baronial abaft the academic nation of bitcoin would be the Slovak Republic ($89.1 billion USD), Sri Lanka ($84 billion USD), and Ethiopia ($78.4 billion USD).
Bitcoin Currently Accounts for 54.4% of the $175.2 Billion Total Market Capitalization of All Cryptocurrencies
The absolute market cap of all cryptocurrencies is currently commensurable to that of cardinal thirty-seven ranked Philip Morris International ($175 billion USD), which trails aloof abaft Home Depot Inc. and Toyota Motor Corp ($177 billion USD each). The absolute bazaar assets of all cryptocurrencies is college than the anniversary GDP of Algeria, the 55 better economy ($173.9 actor USD), and beneath that of Iraq ($189.4 billion USD).
The bazaar cap of added above cryptocurrencies accept additionally animated this year. Ethereum currently boasts a absolute bazaar assets of about $32.5 billion USD, which is beyond than the anniversary GDP of the 98th better economy, Cameroon ($29.5 billion USD), and abaft Bahrain (34.3 billion USD). Ripple has the third better bazaar assets of all cryptocurrencies, ($10 billion USD approximately), which would rank it abaft the world’s 135th better economy, Mongolia.
Do you anticipate that bitcoin’s bazaar assets will abide to abound during 2024? Share your thoughts in the comments area below!
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