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Currencies

Bitcoin Now Ranks 10th in Global Currency Market Cap

2024-12-05

In a remarkable turn of events, Bitcoin has emerged as a force to be reckoned with in the global financial landscape. Once a relatively unknown digital currency, it has now ascended to become the world's 10th biggest currency, leaving an indelible mark on history. As Zora co-founder Jacob aptly puts it, with a market cap value of about 19.8 million BTC, valued at $2.04 trillion, Bitcoin has achieved one of its most outstanding record-breaking performances.

Current Rankings and Global Impact

Bitcoin currently holds the 12th position on the global economic stage, outperforming numerous financial institutions worldwide. This significant rise follows a thrilling period during which it recently passed the $100,000 mark during a strong bull run. The uptrend began when Donald Trump won the 2020 U.S. elections, instilling a surge in investor confidence and propelling the cryptocurrency forward. Looking back, the journey of Bitcoin has been nothing short of incredible. In 2021, it recorded the highest market capitalization on November 9, valued at $1.28 trillion, with a price of $67,617 per bitcoin. Just a few years ago, in 2019, it ranked 33rd among the world's currencies and 43rd by economic value. From October (2017 - 2020), its market capitalization remained under the $250 billion mark. However, from November 2020 to February 2021, Bitcoin witnessed an unbelievable growth of 321% and broke through the $1,000 billion market capitalization barrier. Fast forward to today, and its remarkable growth is attributed to both investor enthusiasm and the ever-changing dynamics of the market.

Price History - A Rollercoaster Ride

In 2009, when Bitcoin first emerged, it was virtually worth nothing, selling at less than one cent. But in October 2010, it made a significant jump, shooting from just under $0.10 to $0.20. Within a year, in June 2011, it peaked at $29.60, only to experience a market sell-off and close the year at around $5.2. Despite these ups and downs, Bitcoin continued to rise. In 2013, it achieved approximately $1.2 billion in market capitalization. Nine years after its creation, it reached the $100 billion mark in October 2017, with a market capitalization of $100.1 billion. This shows its continuous influence and potential in the global economy.

From Transaction Tool to Global Super-Economic Power

What started as a plan by the mysterious Satoshi Nakamoto to be an everyday transaction tool has transformed over time into a worldwide super-economic power. It now commands the attention of investors, governments, and technical innovators alike. Bitcoin's ability to disrupt traditional financial systems and offer a decentralized alternative has made it a game-changer. Its growth and evolution have been nothing short of astonishing, and it continues to shape the future of finance. Whether it's through its market capitalization, technological innovation, or its impact on global economies, Bitcoin has firmly established itself as one of the most influential assets our world has ever seen.

Bitcoin (BTC), as stated by Federal Reserve Chair Jerome Powell yesterday, holds a unique position. It is not seen as a rival to the U.S. dollar but rather to gold. This assertion has sparked significant interest and led to remarkable price movements.

Unraveling Bitcoin's Ascent and Its Implications

Bitcoin's Soaring Market Capitalization

The largest cryptocurrency by market capitalization, Bitcoin, witnessed an astonishing surge during Asia trading hours. It soared through the $100,000 mark and reached a record high of $104,000. This achievement is not only a testament to its growing popularity but also its potential as a valuable asset. When priced in gold, Bitcoin is now worth about 39 ounces, breaking through the last remaining resistance level for that trading pair. It has also set records against silver and the S&P 500, further solidifying its position in the global financial market.This price action has made Bitcoin an over-$2 trillion asset class, with its sights set on overtaking Google (GOOG), whose market cap is $2.14 trillion, and Amazon (AMZ) at $2.29 trillion. If Bitcoin were to hit $115,000 per token, it would become the fifth-largest global asset. Such a milestone would mark a significant turning point in the cryptocurrency space and attract even more attention from investors worldwide.

Looking Ahead: A Bullish End to the Year

Many data points suggest an extremely bullish end for Bitcoin in 2024. After all, it has already seen a remarkable 132% increase this year. Measuring from the cycle low, which occurred during the collapse of crypto exchange FTX in November 2022 when the price was around $15,000, Bitcoin has increased almost sevenfold. This is a typical pattern when looking at Bitcoin's performance from the cycle low against the previous two cycles. Currently, Bitcoin is in between these two cycles in terms of returns. If it were to finish in between, a price target of around $120,000 per token seems probable.The cryptocurrency market is known for its volatility, but Bitcoin's continued growth and stability give investors hope for a prosperous future. As more institutions and individuals recognize the potential of Bitcoin, its value is likely to continue to rise. However, it is important to note that the cryptocurrency market is still relatively new and unpredictable. Investors should approach Bitcoin with caution and conduct thorough research before making any investment decisions.

С 2 декабря на онлайн-платформе для размещений объявлений начнут появляться лоты от различных знаменитостей. Клиенты сервиса смогут купить реквизит со съемок, одежду из собственной коллекции, мебель и технику. Многие дропы имеют возможность приобрести со скидкой.

Эксклюзивные товары и скидки

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Ксения Собчак

В своем профиле Ксения Собчак предлагает клиентам площадки несколько лотов из своей коллекции одежды. Например, костюмы от отечественного бренда I AM STUDIO стоимостью от 8 до 48 тысяч рублей, платье синего цвета YOU WANNA по цене 5600 рублей и костюм в деловом стиле Roseville.

Сергей Безруков

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Сергей Бурунов

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Марианна Елисеева

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Антохи МС

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Сергей Сухов

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Илья Куруч

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Ольга Карпуть

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