Bank

America

Bitcoin

Current market capitalization of the flagship cryptocurrency is approximately $1.37 trillion, as reported by CoinMarketCap. Therefore, Bitcoin’s market value surpassed that of the three biggest banks in the world: JPMorgan Chase ($574 billion), Bank of America ($311 billion), and Industrial and Commercial Bank of China ($268 billion). 
At the moment, one Bitcoin can buy or sell for anywhere from $69,300 to $69.760. Exchange trading volume surpassed $15 billion, and the asset has lost approximately 0.03% of its initial value over the past 24 hours. The weekly timeframe showed a growth of approximately 0.6% for Bitcoin. 
Gautam Chugani and Mahika Sapra, analysts at Bernstein Investment Company, have previously stated that they expect Bitcoin’s market cap to reach approximately $3 trillion by 2025.

The three biggest banks in the world can’t compare to the market valuation of Bitcoin.

Blocksays

Other articles published on Jun 10, 2024

Polkadot Makes Significant Strides Into Real-World Asset (RWA) Tokenization

Crypto Investors Experience Significant Losses Due to BTC Drop

Bitcoin vs Gold: Anthony Scaramucci Says ‘Digital Gold’ Can Become $500,000 Asset Despite Only Fi...

Arthur Hayes: Bitcoin 'Trend Is Clear, Central Banks Are Starting Easing Cycles'

Crypto mass adoption is just 12–18 months away — Yat Siu

Bitfarms Poison Pill Plan Was Deployed To Prevent Riot's Monopoly

Join our free newsletter for daily crypto updates!