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The total market value of Bitcoin on April 23 was 1.86 trillion dollars, as it exceeded a short period of the silver Alphabet company and the mother company from Google before slipping to eighth on Thursday.
In the past four days, Bitcoin has jumped more than 10 percent.
Bitcoin briefly outperformed heavy weights such as Google, Amazon and Meta to become the fifth largest asset in the world depending on the market value, according to CompaniesMarketCAP. The total market value of Bitcoin in the world’s cryptocurrency currency on Wednesday (April 23) was 1.86 trillion dollars (about 1.59 rupees of Cham Rural), as it briefly exceeded Silver Silver and the mother company from Google Alphabet before slipping to eighth on Thursday.
The first four positions remain with gold, apples, Microsoft and NVIDIA, but Bitcoin climbing reflects an increasing acceptance of digital assets in the dominant financing. On Wednesday (April 23), the market value in Alphabet was 1.859 trillion dollars, behind Bitcoin, while Amazon value was $ 1.837 trillion. Silver closely follows $ 1.855 trillion.
After becoming the fifth largest asset, Bitcoin decreased on April 24 to the eighth place with the MBA (M-CAP) of $ 1.83 trillion. Amazon, Alphabet and Silver reached up to $ 1.91 trillion, $ 1.90 trillion, 1.87 trillion dollars, respectively, fifth, sixth and seventh spots. However, Meta remained in tenth place with $ 1.31 trillion.
The continuous increase in Bitcoin follows a volatile period of the encrypted currency. Bitcoin fell to about 76,000 dollars (65.3 rupees of Cham) amid global uncertainty, but it has been recovered since then, and crossed 93,000 dollars (79.8 Cham rupees) in the middle of the week. The record number of more than 108,000 dollars (92 Rs) is reached in December 2024.
Why does Bitcoin rise?
Bitcoin, the world’s largest encrypted currency in the past few days. In the past four days, Bitcoin has jumped more than 10 percent. It is currently trading about 93,230 dollars after crossing a short period of $ 94,000.
According to the Coinswitch Markets office, the price increase is in line with geopolitical developments, especially US President Donald Trump’s announcement of partial mitigation in the trade confrontation between the United States of China. In addition to the upcoming feelings, the new Cantor Fitzgerland Board, Brandon Lottenic, announced the formation of “Cantor Equity Partners” in cooperation with SoftBank, Tether and Bitfinex. She added that the group aims to launch 21 heads on capital with a $ 3 billion initial investment in Bitcoin, indicating deepening institutional confidence.
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