- Bitcoin reached a new all-time high of $118,780 on July 10, pushing its market cap to $2.34 trillion.
- It has now surpassed Google, Silver, and the Brazilian Real, ranking as the 6th most valuable asset and 10th most valuable monetary system globally.
- Bitcoin is currently trading near $117,432, holding steady just below its peak amid strong institutional demand and ETF inflows.
Bitcoin’s explosive rally of the last couple of days has rewritten history, again. On July 10, the market-leading cryptocurrency reached an all-time high of $118K, bringing its market capitalization upwards of $2.34 trillion.
Since June 1st, Bitcoin has added $486 billion in market value, a staggering climb that now positions it not only among the world’s most valuable assets but also in the top 10 most valuable monetary systems in the world, by market value.
Bitcoin has officially surpassed the Brazilian Real in market capitalization. According to monetary base comparisons, the Real is valued at the equivalent of ~19.18 million BTC, while Bitcoin now commands ~19.89 million BTC, surpassing Brazil to become the 10th most valuable “money” by market capitalization.
As an asset, Bitcoin has once again toppled Google (GOOG) and Silver to cement its place as the 6th most valuable asset in the world, now only around $32 billion behind Amazon (AMZN), the gatekeeper of the top five assets by market capitalization.
Today, Bitcoin appears to be holding on just fine to its newfound top. Currently, the now 10th largest currency in the world by market value is trading at $117,432, less than $1K below its all-time high of $118,780.
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