Aug 18, · If the Bitcoin price resistance is at $12,, a strong push toward $14, and a retest is expected. Bitcoin’s current market capitalization is now bigger than Bank of America, just slightly over $ billion, according to CoinMarketCap’s data. Bank of America’s market cap is currently at $ billion, according to Yahoo Finance. Bitcoin’s rise in market capitalization also meant that it is now more valuable compared to some of the United States’ largest banks and well known brands. For instance, BTC’s market cap of $ billion is larger than Bank of America’s market valuation of $ billion based on data from 24crypto.de Nov 20, · The total market capitalization of Bitcoin (BTC) has exceeded that of Mastercard’s today, placing the cryptocurrency on the 16th spot among the world’s largest companies, according to tracking platform AssetDash. Bitcoin’s market cap amounts to nearly $ billion while the .
Bitcoin market cap larger thanBitcoin (BTC) market cap bigger than Bank of America and could surpass gold by - TokenPost
Read more. Brazil to launch new payment system in response to cryptocurrencies. Digital currency exchange Coinbase Pro lists Kyber Network token. Norwegian Air to soon start accepting crypto payments. Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare.
Feb 20, Thursday. Telecom companies complete cross-carrier mobile payments using blockchain. Samsung maintains crypto support in soon-to-launch Galaxy S Coinbase becomes first crypto company to receive Visa principal membership.
Crypto exchange Coinfloor to launch a simplified bitcoin buying service. Feb 19, Wednesday. Crypto custodian BitGo acquires digital securities startup Harbor. Popular news. Canadian fintech firm plans to add Bitcoin BTC as part of its reserve assets. Crypto payments platform Wirex secures Visa principal membership allowing it to issue cards autonomously. Subscribe to the TokenPost newsletter! Don't show me this again today.
Interestingly, Bitcoin has now evolved to perform some banking services, like lending and borrowing. The asset is also used in processing payments and facilitating financial services like international trade. For some big banks, the focus has increasingly turned to figure out how they can make money from the blockchain. The surge in Bitcoin price came in the wake of the coronavirus pandemic, resulting in economic turmoil across the board.
Notably, the traditional stock market crashed, but Bitcoin remained resilient to position itself as a possible alternative source of wealth during challenging economic times. The recent rally to an all-time high was mainly sparked by the announcement by PayPal to support Bitcoin buying and spending services to its millions of users. As the benchmark cryptocurrency, Bitcoin has gotten to a place where institutional investors and banks are legitimately looking at investing in the sector as a defense against currency devaluation.