Bitcoin Jumps Past Meta in Global Rankings as Market Cap Tops $1.5T
TLDR
- Bitcoin overtook Meta Platforms after its market capitalization climbed to approximately $1.54 trillion on Friday.
- Bitcoin became the world’s 13th-largest asset by market capitalization during its sharp weekly price rally.
- Bitcoin gained more than 20% over seven days as institutional demand and ETF inflows strengthened.
- Treasury bond buybacks supported risk assets as lower long-term yields helped fuel Bitcoin’s latest recovery.
- More than $3 billion in short liquidations added momentum as Bitcoin prices moved sharply higher.
Bitcoin climbed above $76,000 and pushed its market capitalization past $1.5 trillion, allowing the cryptocurrency to overtake Meta Platforms and rank among the world’s largest assets by value.
Bitcoin Market Cap Overtakes Meta
Bitcoin’s market capitalization rose to about $1.5 trillion as the cryptocurrency extended a multi-day rally. The move lifted BTC above Meta Platforms in global asset rankings and placed it around 13th among companies, commodities, ETFs and cryptocurrencies tracked by market-cap comparison platforms.
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