ביטקאָין מיטינג פּושיז בטק צו יקסיד אַלע גלאבאלע באַנקס אין מאַרק היטל

The recent Bitcoin (בטק) rally characterized by increased buying pressure has elevated the maiden קריפּטאָ to surpass leading traditional finance entities in terms of market capitalization.

Indeed, with a market cap of $443.04 billion as of January 24, BTC is valued higher than any global bank. The capitalization has placed Bitcoin as the 16th most valuable asset globally, according to קאָמפּאַניעס מאַרקעטקאַפּ דאַטע.

As things stand, American banking giant JPMorgan Chase (NYSE: דזשפּם) comes close to Bitcoin with a market cap of $402.79 billion and 19th overall. Bitcoin’s valuation also ranks higher than Bank of America’s (NYSE: באַק) at $274.44 billion in the 35th position. 

Bitcoin and banks asset class difference 

Although Bitcoin now controls a significant market cap compared to traditional פינאַנצן banks, both entities belong to different asset classes. The banks’ market capitalization is backed by סטאַקס with underlying assets. 

On the other hand, Bitcoin is not backed by any hard assets, with its price susceptible to volatility while being influenced by speculation and general market sentiment.

Overall, the latest Bitcoin milestone is a testament to proponents regarding the potential of the crypto to replace the traditional באַנקינג sector once maturity is realized.

Even as Bitcoin registered a surge in market cap, several global banks are also witnessing growth despite the global economy facing uncertainty. For instance, as per a Finbold מעלדונג, European Union banks controlled assets worth €29.01 trillion during the third quarter of 2022, representing year-over-year (YoY) growth of 11.54%.

The milestone by Bitcoin follows the digital asset’s impressive 2023 run, with the flagship crypto attempting to find a bottom that would likely spark a new rally. The rally saw Bitcoin briefly surpass the market cap of electric vehicle (EV) maker Tesla (NASDAQ: צלאַ) as of January 23.

However, by press time, Tesla had flipped Bitcoin in market cap, with the EV manufacturer controlling $453.92 billion. 

ביטקאָין פּרייַז אַנאַליסיס

As things stand, Bitcoin is trading at $22,881, gaining by almost 1% in the last 24 hours.

Currently, Bitcoin is attempting to break the $23,000 קעגנשטעל level, having briefly breached the position in recent days.

אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן.