Bitcoin Market Cap Nears $1.7 Trillion, Surpasses Meta

Source
JOON HYOUNG LEE

Summary

  • It was reported that Bitcoin's market cap has surpassed Meta at $1.66 trillion.
  • Ethereum's market cap was stated to be $190.6 billion, exceeding that of the global energy company Shell.
  • The change in market cap suggests the potential for continued growth in the cryptocurrency market.

Bitcoin (BTC) market capitalization has surpassed that of Meta, the parent company of Facebook.

According to the cryptocurrency data analysis platform CryptoRank on the 17th, as of the previous day (16th), Bitcoin's market cap was approximately $1.66 trillion. This is $340 billion more than Meta's market cap (approximately $1.32 trillion) on the same day.

Ethereum (ETH) market cap recorded approximately $190.6 billion as of the 16th. This is $3.5 billion more than the market cap of the global energy company Shell (approximately $187.1 billion).

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JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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