Bitcoin hits $2 trillion market cap, now bigger than Tesla, Facebook and Saudi Aramco
As of Thursday, December 5, Bitcoin's market cap surged 6.2% in the past 24 hours, reaching $2.03 trillion, according to data available on CoinMarketCap.
Bitcoin’s market cap now surpasses the GDPs of Mexico ($1.85 trillion), Australia ($1.8 trillion), and Spain ($1.73 trillion), and is just $0.15 trillion shy of Russia's GDP ($2.18 trillion), Brazil’s ($2.19 trillion), and Canada’s ($2.21 trillion). Earlier, Bitcoin also surpassed the market valuations of Saudi Aramco ($1.796 trillion), Silver ($1.791 trillion), Facebook ($1.549 trillion), and Elon Musk-led Tesla ($1.148 trillion), making it the 7th largest asset in the world.
Meanwhile, the global crypto market cap now stands at $3.69 trillion, led by Bitcoin, followed by Ethereum ($471 billion), XRP ($139 billion), Tether ($135 billion), Solana ($112 billion), BNB ($105 billion), and Dogecoin ($64 billion).
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View Details»The rally is seen as partially fueled by the appointment of Paul Atkins, a known crypto advocate, as the incoming Chairman of the U.S. Securities and Exchange Commission (SEC).
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