Bitcoin closes year with 26th largest market cap globally

Bitcoin (BTC) heads into the Christmas play with the 26th largest marketplace headdress astatine $324.68 billion, conscionable beneath Mastercard with $328.35 billion.

Ethereum (ETH), connected the different hand, ranks 77th connected the database with a $147.60 cardinal marketplace cap, portion Tesla loses its spot amongst the apical 10 and places 13th with $395.82 billion.

Ranking by marketplace cap

Gold, Apple, and Saudi Aramco are the apical 3 assets, with the largest marketplace headdress of $11.939 trillion, $2.103 trillion, and $1.819 trillion, respectively.

Microsoft, Silver, Google, and Amazon travel arsenic the fourth, fifth, sixth, and seventh with $1.775 trillion, $1.333 trillion, $1.137 trillion, and $854.80 cardinal marketplace caps, respectively.

Meta Platforms and Samsung, connected the different hand, are ranked aft BTC arsenic 30th and 31st with $311.31 cardinal and a $304,89 cardinal marketplace cap, accordingly.

Gold and BTC

On Oct. 24, CryptoSlate analysts revealed that BTC and Gold had achieved an 85% correlation since implicit the past year. This uncovering indicated that these 2 assets accrued and decreased astatine the aforesaid times and the aforesaid rates with 85% accuracy.

On Nov. 4, the marketplace information besides showed that BTC  responded to the Fed’s 0.75% involvement complaint hike adjacent amended than Gold oregon NASDAQ. Reacting to the increase, Gold fell by 0.68%, portion NASDAQ sunk by 4.97%. BTC, connected the different hand, accrued by 0.55% during the aforesaid period, which suggests that BTC is simply a batch “safer arsenic an plus than NASDAQ oregon Gold.

The correlation betwixt BTC and Gold was besides noticed by the salient names of crypto arsenic well. Author of Bitcoin: The Future of Money? Dominic Frisby suggested purchasing BTC and Gold unneurotic to combat inflation, portion ETH laminitis Buterin relies lone connected BTC.

The station Bitcoin closes twelvemonth with 26th largest marketplace headdress globally appeared archetypal connected CryptoSlate.