Bitcoin Breaks Record as The 13th Largest Currency in the World
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Bitcoin’s bullish run has pushed the flagship cryptocurrency to become the 13th largest currency in the world
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The world’s number one cryptocurrency surpassed the Swiss Franc when it crossed $66,000 before dropping
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An evaluation by market analysts have also confirmed that BTC is now more valuable than top companies such as Tesla and Facebook
Bitcoin overtook the Swiss Franc briefly to become the 13th largest cryptocurrency in the world when the price crossed $66,000, according to data from FiatMarketCap.
Since the launch of the first Bitcoin ETF, the cryptocurrency has been on a rampage, breaking new highs and nearing $69,000.
BTC has since retraced, falling below $65,000 once again, with a current market capitalization of $.122 trillion.
The flagship cryptocurrency also edged in front of some of the world’s largest firms such as Tesla and Facebook in terms of market cap.
In addition to that, the entire market cap of cryptocurrencies has surpassed that of tech giant Apple after reaching $2.83 trillion.
The value of the cryptocurrency has been driven by adoption by more people and big companies worldwide.
In 2021, alone Tesla announced that the flagship cryptocurrency could be used as payment before reversing its decision.
Other top companies such as Twitter and movie Theater AMC have also integrated digital assets into their plans.
The biggest news for the flagship cryptocurrency however remains the adoption as legal tender by Central American country El Salvador.
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