With an increase of over $ 66,000 today and reaching over $ 1.2 trillion in market value today, Bitcoin has surpassed both carmaker Tesla and social media giant Facebook in total market value.

Bitcoin (BTC) is now the sixth largest asset by market value among large companies after Microsoft, Apple, parent company Google, Alphabet, Saudi Aramco and Amazon, according to AssetDash. Crypto-assets have surpassed Tesla’s and Facebook’s market values ​​of $ 1.19 trillion and $ 975 billion, respectively, with prices hovering around $ 66,000 and within walking distance of an all-time high of $ 67,000.

The latest price increase puts the market value of bitcoins in the range of $ 600 billion from Amazon. Tesla CEO Elon Musk’s recent announcement that he intends to sell 10% of his assets to Tesla may have contributed to the volatility of BTC over the weekend, as cryptocurrencies increased by more than 4% from $ 62,941 to $ 65,512 in less than two hours. …

The market value of bitcoins has already exceeded the total value of many fiat currencies. In February, cryptocurrencies dramatically changed the exchange rate of the Russian ruble, probably in response to Tesla’s announcement that they had bought a total of $ 1.5 billion in bitcoin. Bitcoin’s market value also fell briefly against the Swiss franc in October.

About the topic: High volatility in cryptocurrency: can Ethereum take over Bitcoin?

The price of Ether (ETH) also passed $ 4,700 for the first time in the coin’s history, exceeding $ 565 billion, which is more than $ 400 billion ahead of third-rate cryptocurrency (BNB). The income from these two assets has helped increase the total market value of cryptocurrency to over $ 3 trillion.

Source: CoinTelegraph