According to CoinMarketCap, on Thursday, November 21, Bitcoin’s market capitalization reached an all-time high of $1.93 trillion at a price of $97,850.
BloombergTV APAC Markets Editor-in-Chief David Ingles wrote in X that “if Bitcoin were a commercial company, it would be the sixth largest international corporation, just behind Amazon and slightly ahead of Saudi Aramco.” Ingalls noted that in terms of market capitalization, Bitcoin exceeded the value of the state-owned oil and gas corporation of Saudi Arabia by more than $100 billion.
The Meta company lags behind Bitcoin in capitalization by almost $700 billion. It ranks seventh in the ranking of the most valuable companies in the world with its capitalization of $1.294 trillion and assets in the form of Facebook and Instagram. WhatsApp, as well as many related services, .
Bloomberg experts believe that the rapid growth of Bitcoin was provoked by the start of discussions in Donald Trump’s team about the creation of a new government post in the White House responsible for regulating the crypto market.
The day before, experts from the analytical company Glassnode noted that the sharp increase in the rate of the first cryptocurrency was due not only to the powerful influx of capital into spot Bitcoin ETFs, but also to significant demand for the asset from private investors. Glassnode emphasized that over the past 30 days, over $62.9 billion has entered the crypto market, with Bitcoin dominating the influx of funds.
Source: Bits
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