Bitcoin Surpasses $44,000, Leaving Tesla, Meta, and Berkshire Hathaway Behind!

  • Bitcoin, the leading cryptocurrency by market capitalization, has experienced an increase of over 24% in the last month and more than 17% in just the last two weeks.
  • Despite a trading volume of $31 billion, BTC’s dominant trading pairs are USDT, FDUSD, USD, USDC, and KRW.
  • The recent surge in crypto assets led to the liquidation of $160 million in short positions in the last 24 hours.

After reaching a peak of $44,100 following Bitcoin’s price surge, its market value surpasses that of major corporations!

Bitcoin Price Reaches $44,000

Bitcoin-BTC

On Tuesday, Bitcoin’s price surpassed $44,000, reaching a peak of $44,100 per unit. Bitcoin, the leading cryptocurrency by market capitalization, has experienced an increase of over 24% in the last month and more than 17% in just the last two weeks.

This week, Bitcoin saw a noteworthy 14% rise against the US dollar. On December 5th, Tuesday, BTC reached $44,100. Currently, BTC’s trading volume stands at $31.68 billion, doubling the previous day’s figure. Bitcoin’s intraday trading range fluctuated from just above $41,453 to $44,000.

BTC’s value has not reached these levels since April 6, 2022, before the Terra market crash. Despite a trading volume of $31 billion, BTC’s dominant trading pairs are USDT, FDUSD, USD, USDC, and KRW. Major platforms such as Binance, Kraken, Coinbase, and Bitfinex are among the top exchanges for global BTC trading volume today.

Tuesday’s BTC trading volume is second only to the stablecoin USDT. The recent surge in crypto assets led to the liquidation of $160 million in short positions in the last 24 hours, with approximately $91.34 million coming from Bitcoin (BTC) short positions. In a market environment with a total value of over $1.65 trillion, dominated by more than 10,000 assets, Bitcoin’s market dominance increased to 51.3%.

Bitcoin Surpasses Corporate Market Values

Furthermore, Bitcoin has surpassed the market value of Meta, Tesla, and Berkshire Hathaway companies. This latest price increase positions BTC as the ninth-largest asset by market capitalization, including corporations, precious metals, and exchange-traded funds. NVIDIA currently holds the top spot with a market value of $1.45 trillion.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Bitcoin-Backed USDa Partners with Ethena Labs to Revolutionize DeFi Arbitrage Strategies

On November 14th, COINOTAG reported a significant development in...

Grayscale BTC Sees Massive $61.3 Million Net Inflow Amid Growing Institutional Interest

In a recent analysis by COINOTAG, dated November 14th,...

Bybit Announces Support for Sei SEI v6.0.0 Network Upgrade | Coin SEI Reaches $0.4507

Bybit to Support Sei SEI v6.0.0 Network Upgrade --------------- 💰Coin: SEI (...

Pepe (PEPE) Now Available on Upbit’s KRW Market: Coin Price and Details

UPBIT LISTING: Pepe PEPE Added to KRW Market --------------- 💰Coin: PEPE (...

Ethereum Whale Accumulates 7,389.5 ETH Worth $23.44 Million in Just 3 Days

In a significant development within the crypto market, COINOTAG...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img