As of the current situation, the market capitalization of BTC surpassed Meta, the owner of Facebook and Instagram, to eleventh place.
BTC’s market cap has come close to electric vehicle maker Tesla among the top assets by market cap. Overtaking Meta, one of the most popular companies in the world, in terms of market value, BTC has attracted global attention. After the closure of Silicon Valley Bank (SVB) and Signature Bank, huge drops were observed on the crypto side. The stablecoin issues that followed these events made things increasingly difficult. Looking at the moment, BTC, which has risen by gathering strength, seems to have reached a significant level in its market value.
BTC-Sided Positive Data Is On The Rise
BTC, which experienced an instant collapse to the level of $ 19,500 with consecutive FUD news, has gathered strength from the crypto market. In terms of price, it seems to have settled at the level of $ 24,300 in a short time, instilling confidence in the crypto investor. After the collapse in the crypto market, a lot of data has turned the pointer in the positive direction.
The “market value”, which is one of the globally important data, is increasing for BTC. Looking at the last 24 hours, BTC’s market cap was $36 billion less than Meta’s market cap. With a market value of $ 433 billion, BTC seems to have overtaken Meta, which has a market value of $ 469 billion. Currently, BTC has a market capitalization of $471 billion and Meta has a market cap of $469 billion.
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