Bitcoin Surpasses Visa in Terms of Market Cap

Bitcoin is the first cryptocurrency that paved the path for the decentralized cryptocurrency realm. Bitcoin is frequently compared to gold because both are precious and limited in supply. BTC, on the other hand, is significantly more transferable and can be quickly moved between users all over the world.

As the adoption of cryptocurrencies has increased every day over the years, so have the demand and price. From a low of $65.53 on July 5, 2013, BTC has skyrocketed to an all-time high of $68,789 on November 10, 2021, according to CoinMarketCap data.

Also read: Instagram to Start Selling Verification

With the cryptocurrency market slowly slipping away from the bearish movement in 2022, the market cap as well as the price of cryptocurrencies have risen. According to the latest data, Bitcoin has surpassed Visa in terms of market cap.

Bitcoin dethrones Visa in market cap

CoinMarketCap data reveals that the market cap of BTC currently stands at $473,230,715,948 with a 0.5% drop in the last 24 hours. However, the market cap of Visa now stands at 460.13 billion. Visa’s market cap is $13 billion down as compared to that of BTC at press time.

Source: Google

Also read: Yuga Labs Under Scrutiny for Alleged Theft of BAYC’s Wolf Skull Logo

Visa is a financial corporation that helps in the transfer of funds using credit and debit cards. It is also considered one of the most valuable companies in the world. This is indeed a notable milestone for Bitcoin, which is an evident sign of increasing adoption and belief in cryptocurrencies.

  • bitcoin
  • btc
  • market cap
  • VISA

Comments

Post a Comment

Popular posts from this blog

BTC hodlers outperformed crypto funds by 69% in H1: 21e6 Capital

Image
21e6 Capital AG stated that crypto funds generally outperformed the price gains of BTC in previous bull runs, but ultimately suffered this year from having too much cash on hand and playing it safe. The classic buy and hold, or HODL approach to Bitcoin (BTC) out perform ed the majority of crypto funds by 68.8% in the first half (H1) of 2023. According to data from Switzerland-based investment adviser 21e6 Capital AG, on average, crypto funds generated returns of 15.2% in the first half of 2023 (Jan.1 to June 30) , compared to the roughly 84% price gain BTC saw in the same period. Crypto funds on average generated 15.2% return in the first half of 2023 lol pic.twitter.com/vb8pwYfiX9 — Alex Krüger (@krugermacro) August 5, 2023 Emphasizing the significance of such via an Aug. 2 half-year report, 21e6 Capital AG’s head of marketing Maximilian Bruckner outlined that crypto funds have been “frequently able to significantly outperform Bitcoin in previous bull runs.” Bruckner attrib...
Read more

Shiba Inu lead developer queries Coinbase's 'Onchain Summer' campaign

Kusama responded to Coinbase’s CEO, Brian Armstrong's update with the statement, "If it isn't a shadowcat, it's a copycat." Shytoshi Kusama, the lead developer of Shiba Inu, has given a response to Coinbase's Onchain Summer campaign . He suggested that Coinbase's campaign seemed to have similarities with the ideas originally presented by the Shiba Inu community. Kusama responded to Coinbase’s CEO, Brian Armstrong's update with the statement, "If it isn't a shadowcat, it's a copycat." On August 3, Armstrong showcased in a tweet the use of the Base bridge, launched the previous day, while highlighting Coinbase's upcoming Onchain Summer initiative. Coinbase is preparing to launch its Ethereum Layer 2 solution, known as Base, on the mainnet. Armstrong recently confirmed that Base is aimed at bringing the next billion users into the blockchain ecosystem. It aims to achieve this goal by offering tools for the development of various W...
Read more

Blackrock CEO issues dire warning over ‘debt ceiling drama’ — Bullish for Bitcoin?

Image
The debt ceiling has been raised but Larry Fink says trust in the U.S. dollar is being eroded, which could be good news for Bitcoin. Blackrock CEO Laurence Fink believes the recent " drama " around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC). Fink’s comments come as U.S. lawmakers passed a highly-anticipated bill to lift the $31.4 trillion debt ceiling on June 1. The U.S. Treasury indicated that the deadline for raising the debt ceiling was June 5. Any later, the country could begin defaulting on its debts. 314-117: The House passes the Biden-McCarthy debt ceiling agreement, raising the debt limit until 2025 and instituting discretionary spending caps for two years. 71 Republicans and 46 Democrats voted “no” on the bill. pic.twitter.com/RdU42whDd5 — The Recount (@therecount) June 1, 2023 According to a May 31 report from Reuters, Fink told the attendee...
Read more