Despite a turbulent week for cryptocurrencies following the fall of Silicon Valley Bank (SVB) and Signature Bank, the market capitalization of Bitcoin (BTC) has managed to flip that of tech giant Meta.
At the time of writing, data from Companies Market Cap shows that Bitcoin’s market capitalization has reached $471.86 billion, surpassing Meta’s market capitalization of $469 billion.
Companies Market Cap provides real-time monitoring and ranking of market capitalizations for cryptocurrencies, public companies, precious metals, and ETFs.
Just 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 capitalization rose 9.7% in the past 24 hours, pushing the cryptocurrency to 11th place among the top assets by market capitalization, just below electric vehicle maker Tesla. .
On Feb. 20, Cointelegraph reported that BTC had flipped payment processing giant Visa’s market capitalization for the third time ever, putting it just ahead of the payments firm.
Related: Bitcoin On-Chain Data Highlights Key Similarities Between 2019 and 2023 BTC Price Rally
The gap between the two market caps is now over $20 billion, though it’s still quite a ways behind Gold, which sits in first position with a market cap of $12.59 trillion, followed by Apple in second. place with a market cap of $2.380 trillion.
The BTC price has risen 8.72% in the last 24 hours, currently sitting at $24,441.
