Bitcoin News- Bitcoin has moved from 18th to 12th position in Top Assets by Market Cap.
- Cryptocurrency potential is overpowering the traditional economy.
Bitcoin (BTC), the leading cryptocurrency spotted 12th position in the world’s top assets list, according to market cap. The asset moved gradually up to this spot from the 18th position in January 2023. The first-place holder, Gold, has a market cap of $13.460 T. The difference between gold and the crypto pioneer BTC ($ 551.85 B) is approximately $12 T.
Notably, the second-most well-known crypto and prominent altcoin, Ethereum (ETH), is in the 46th position. The market cap of ETH is $230 billion, with a single token costing $1,908. Two cryptocurrencies within the top 50 are remarkable. Their influence and intervention in the global economy can’t be denied now.
Global Cryptocurrency Domination
In the month of January, the gold share value was $1,930, and now the share has risen to $2,040, making a $110 gain. Parallelly, the token rate of BTC was $21,387, and now the value of one BTC is $28,527, making a $7,140 gain. The marginal difference between both gains is 98.45%.
The global cryptocurrency market cap is $1.2T with an average $45 B 24-hour trading volume. Some may argue that the gain is due to the high volatility of the crypto market, but the stable traditional financial system has faced more failures and collapses this year. The risk is equal in both markets, but the potential is seemingly high in the crypto market.
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Source: https://thenewscrypto.com/bitcoin-and-other-major-cryptocurrency-among-the-top-world-assets/