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Bitcoin closes year with 26th largest market cap globally
- Zeynep Geylan
- 2022-12-24
- 3712
- ETH
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Summary:Ethereum ranked 77th, while Tesla loses its place in the top-10.
When BTC (BTC) entered Christmas, its market value was the 26th largest, at $324.68 billion, slightly lower than MasterCard's $328.35 billion.
On the other hand, ETH ranked 77th with a market value of $147.6 billion, while Tesla Motors ranked the top 10 with a market value of $395.82 billion, ranking 13th.
Ranking by market value
Gold, Apple and Saudi Aramco are the top three assets, with larger market capitalization of US $1193.9 million, US $210.3 million and US $181.9 million respectively.
Microsoft, Platinum, Google Search and Amazon ranked fourth, fifth, sixth and seventh in terms of market capitalization of $177.5 million, $133.3 million, $113.7 million and $854.8 billion, respectively.
On the other hand, Meta platform and Samsung ranked 30th and 31st after BTC with a market value of US $311.31 billion and US $304.89 billion.
Gold and BTC
On October 24,Data encryption quartz sandstoneInvestment analysts revealed that since last year, the correlation between BTC and gold has reached 85%. This discovery shows that these assets are improved and reduced at the same time and in the same proportion, with an accuracy of 85%.
On November 4, market data also showed that BTC's response to the US interest rate hike of 0.75% was even better than gold or NASDAQ. As a reflection of the surge, gold fell 0.68%, while Nasdaq fell 4.97%. On the other hand, BTC rose by 0.55% in the same period, indicating that BTC as an asset "has a higher safety factor than NASDAQ or gold".
The famous name of digital currency also recognizes the intermediate correlation between BTC and gold. authorBTC: The future of money?Dominic Frisby proposed to buy BTC and gold together to fight inflation, while Buterin, the founder of ETH, only relied on BTC.
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