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The leading cryptocurrency Bitcoin (BTC) has experienced several difficult weeks associated with the fall in market prices. Exactly a month ago, the price of BTC in US dollars was 16.4% higher, but the recent collapse in the stock market, the depreciation of LUNA and the UST of the Terra project contributed to the fall of the crypto asset.
Now Bitcoin has resumed growth, as well as increased its share in the crypto market among more than 13,000 cryptocurrencies to 44.2% with a market capitalization of $ 603 billion.
In terms of this indicator, BTC ranks tenth among companies such as Apple and Amazon, as well as precious metals gold and silver.
Today, gold has the largest market capitalization among 6,265 commodities and companies, with a total value of $86.516 trillion. One ounce of pure gold is sold today at a price of $1848, and the total valuation of the metal is $11.737 trillion. According to Companiesmarketcap.com, bitcoin’s market cap of $603 billion corresponds to 5.13% of gold’s total market capitalization.
The second place in the ranking is occupied by the oil company Saudi Aramco, estimated at $ 2.457 trillion. This figure dwarfs the market capitalization of the entire crypto market with its $1.36 trillion. The third place among commodities and stocks of companies is occupied by Apple with $ 2.406 trillion.
Apple is backed by assets such as Microsoft, Alphabet (Google), Silver, Amazon, Tesla and Berkshire Hathaway. Berkshire Hathaway is located above bitcoin (BTC), since the current market capitalization of the company is $ 698.81 billion, respectively, the same indicator of BTC is 86.28% of the value of Berkshire Hathaway. Once upon a time, Bitcoin’s market cap was much higher, once surpassing Facebook’s market valuation.
In February 2022, according to marketcap.com, BTC ranked ninth on this list. After a recent drop, it has shifted to the eleventh position, but recent achievements have allowed it to regain the tenth position in the market capitalization rankings among 6,265 commodities and companies.
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