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Bitcoin Surpasses Meta Corporation in Market Cap

Bitcoin Surpasses Meta Corporation in Market Cap

HappyCoinNewsHappyCoinNews2024/11/07 00:11
By:HappyCoinNews

According to According to Companies Market Cap portal, kriptovalyuta Bitcoin surpassed Meta Corporation in terms of capitalization. Amid the jump in its rate, its capitalization reached $1,46 trillion.

Bitcoin Surpasses Meta Corporation in Market Cap image 0

Over the past 6 hours, Bitcoin's capitalization has increased by more than 75%, which was caused by a sharp rise in the price of the first cryptocurrency above $000. A new price record was set at $75.

Note that previously Bitcoin already surpassed Meta Corporation in terms of capitalization. This happened in January 2024, when spot trading began bitcoin ETF .

What is the reason for the current growth of Bitcoin quotes and capitalization? After it became clear that the Republican candidate Donald Trump was winning the US presidential election, the crypto market began to show an upward trend.

Participants in the crypto sector believe that Donald Trump, who has made many promises to the industry, will fulfill them. Now many industry representatives are waiting for the new US president to fulfill his promises.

Even if Trump doesn't Bitcoin national reserve asset and will not support the crypto market, as promised during the election campaign, it is unlikely Bitcoin will demonstrate a downward trend, although a correction in the asset value is quite likely.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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