Bitcoin’s financial footprint has expanded significantly, as its market capitalization now exceeds that of Meta (formerly known as Facebook).
Bitcoin’s financial footprint has expanded significantly, as its market capitalization now exceeds that of Meta (formerly known as Facebook).
This marks a significant moment in the digital asset’s journey, placing it just behind six of the world’s largest publicly traded companies, including tech giants and an energy titan.
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The unprecedented rise in Bitcoin’s market capitalization comes amid a broader rush of investments in technology stocks and cryptocurrencies.
According to a report from Bank of America Global Research, investors have recently pumped the most capital into technology stocks since last August.
The investment landscape is leaning noticeably toward technology and cryptocurrencies, with inflows into tech stocks reaching $4.7 billion, according to BofA.
Stocks of companies like Apple and Nvidia are on a trajectory of record annualized inflows.
Meanwhile, the cryptocurrency market capitalization has recently surpassed a whopping $2.5 trillion.
Top companies by market capitalization
The leading companies by market capitalization span a variety of industries, with Microsoft leading the way, valued at $3.085 trillion due to its extensive software and cloud services.
Apple is next with a market capitalization of $2.711 trillion, thanks to its popular consumer electronics.
NVIDIA, known for its graphics chips, is valued at $2.188 billion. The company has seen tremendous growth due to unprecedented demand for artificial intelligence.
Saudi Aramco, the state-owned oil giant, stands out in the technology sector with a market capitalization of $2.023 trillion.
Amazon, with its vast e-commerce and cloud computing operations, is valued at $1.852 trillion. Alphabet, Google’s parent company, has a market capitalization of $1.662 trillion.
