The ever-volatile cryptocurrency industry has benefited from Donald Trump’s growing chances of winning the US presidential election thanks to massive gains in most assets.
Bitcoin finally broke past its March all-time high of $73,737 and soared above $75,000, setting a new peak. Its market capitalization at one point soared to its own high of $1.5 trillion.
While this figure has since declined slightly as BTC’s price dropped to $74,500, it still helped the cryptocurrency return to the top 10 global assets by market capitalization.
With a current volume of $1.475 trillion, Bitcoin is in 9th place, ahead of giants such as Meta Platforms (10th), Berkshire Hathaway (12th), Tesla (14th) and Walmart (16th).
Gold is the absolute leader with a market capitalization of over $18 trillion, although the metal’s price is down 1.1% today. NVIDIA follows suit with $3.4 trillion. Next on the list are Apple ($3.377 trillion), Microsoft ($3.06 trillion), Amazon ($2.1 trillion) and Alphabet ($2.08 trillion).
BTC’s next targets are Saudi Aramco ($1.775 trillion) and silver ($1.784 trillion). The precious metal also fell in price today, by more than 3%.
The second largest cryptocurrency by this indicator, Ethereum (ETH), has added about 7% in value over the past day. Its price of nearly $2,600 means its market capitalization exceeds $310 billion, putting it in 34th place behind the likes of Bank of America, Netflix and Johnson & Johnson.
According to CompaniesMarketCap, these are the only two cryptocurrencies on the list of the 100 largest assets.
