Bitcoin upends Tesla and Facebook-will Amazon be next?

After rising above US$66,000 today and reaching a market value of more than US$1.2 trillion, Bitcoin has surpassed the combined market value of automaker Tesla and social media giant Facebook.

according to To data from AssetDash, Bitcoin (Bitcoin) Is now the sixth-highest market capitalization asset among major companies, second only to Microsoft, Apple, Google’s parent company Alphabet, Saudi Aramco and Amazon. The market value of the crypto asset exceeds the 1.19 trillion and 975 billion US dollars of Tesla and Facebook, respectively, and its price is hovering around 66,000 US dollars, and it is only a stone’s throw from the historical high of 67,000 US dollars.

this Recent price increase Put the market value of Bitcoin within Amazon’s 600 billion U.S. dollars.Tesla CEO Elon Musk recently announced that he Plan to sell 10% His Tesla shares may cause BTC fluctuations over the weekend, when crypto assets rose from $62,941 to $65,512 in less than two hours, an increase of more than 4%.

The market value of Bitcoin has exceeded the total value of many fiat currencies. In February of this year, crypto assets caused the Russian ruble to plummet, which may be in response to Tesla’s announcement that it has purchased a total of 1.5 billion US dollars of BTC.Bitcoin’s market value is also brief Flip Swiss Francs In October.

related: The great cryptocurrency flip: can Ethereum surpass Bitcoin?

The price of ether (Ethereum) Also rose to over US$4,700 for the first time in the history of the token, with a market value of more than US$565 billion-ahead of the third-ranked cryptocurrency Binance Coin (BNB) by more than US$400 billion. The gains from these two assets helped the total market value of cryptocurrencies rise to more than $3 trillion.