Guru-Investinghas prepared summaries of the three most important news of the last day.
Guru-Investinghas prepared summaries of the three most important news of the last day.
Bitcoin (BTC) Focuses on Alphabet After Surpassing Meta
In a significant breakthrough, Bitcoin market capitalization has passed that of Meta (previously known as Facebook), according to data provided by Companiesmarketcap.com. At the time of writing, the market cap of the world’s largest crypto constitutes $1.299 trillion, while Meta’s market cap is $1.274 trillion. Now, Bitcoin trails only six of the world’s largest publicly traded companies, including tech giants and an energy giant. Bitcoin’s next “target” is considered to be Alphabet, Google’s parent company, whose market capitalization is currently $1.657 trillion. The unprecedented rise in Bitcoin’s market capitalization comes amid a broader rush of investments in technology stocks and cryptocurrencies. According to Bank of America, capital inflows into tech stocks have reached $4.7 billion, and the cryptocurrency market capitalization recently surpassed $2.5 trillion.
Shiba Inu (SHIB) Becomes 10th Largest Cryptocurrency Amid 295% Price Boom
Following the example of Bitcoin, the Shiba Inu meme cryptocurrency has also arrived an important milestone in terms of its market capitalization. Data from CoinMarketCap shows that Shiba Inu is currently in 10th place, by market capitalization after displacing Avalanche (AVAX). Now, SHIB can boast a market capitalization of $20.1 billion. This marks an outstanding achievement for the dog-themed meme coin, as just a few weeks ago it almost fell out of the top 20 due to its inability to break through the $0.00001 resistance level. As of now, Shiba Inu is attempting to retest the price of $0.00004, which, if successful, would represent the best performance since October 2021. At the time of writing, SHIB is changing hands at 0 .0000342 dollars, 6.39% less in the last 24 hours. , according to CoinMarketCap.
New XRP Listings on the Horizon for Major Crypto Exchange
In his recent x publication Since March 5, Bitrue, a major crypto exchange, hinted at list of new XRP pairs, generating excitement among members of the XRP community. “Bitrue plans to list new XRP pairs. Tell us what you want to see,” the post reads. Bitrue hints at new XRP listings at a critical time for both the exchange and the broader crypto market. The token has been involved in legal battles, the main one being the Ripple-SEC case. However, in July 2023, after Ripple won its historic lawsuit victory, XRP was declared not a security, bringing back many doubting investors. The prospect of additional XRP listings on Bitrue has important implications for traders and investors. In addition to providing greater accessibility to XRP, it represents new optimism about the token’s future potential.
