Bitcoin Has Exceeded the Market Value of the World's Three Largest Banks
Date: 2024-06-10 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Data and Statistics
According to CoinMarketCap, Bitcoin's current market capitalization exceeds $1.37 trillion. This means that Bitcoin's market value now exceeds the combined market value of the shares of the world's three largest banks: JPMorgan Chase ($574 billion), Bank of America ($311 billion) and Industrial and Commercial Bank of China ($268 billion).
The price of Bitcoin currently fluctuates between $69,300 – $69,760. Over the past 24 hours, the price of the asset has decreased by 0.03%, and the total trading volume on the exchange exceeded $15 billion. On the weekly timeframe, Bitcoin showed an increase of about 0.6%.
Forecasts and Prospects
Earlier, analysts at the investment company Bernstein, Gautam Chugani and Mahika Sapra, expressed the opinion that by 2025, the market capitalization of Bitcoin could reach about $3 trillion. This forecast indicates a potential increase in the value of Bitcoin in the future.
The excess of Bitcoin's market capitalization over the combined value of the shares of several of the world's largest banks indicates the growing influence of the cryptocurrency market. This also indicates increasing interest in digital assets among investors and financial analysts.
