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Bitcoin now ranks as the 11th largest asset in the world, surpassing Visa's market cap.

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 Bitcoin now ranks as the 11th largest asset in the world, surpassing Visa's market cap.




The first cryptocurrency ever created, Bitcoin, increased 15% in value over the previous week to trade at US$24,885 at 7 p.m. in Hong Kong, passing payments giant Visa for the third time in history in terms of market capitalization.

According to data from Companies Market Cap, Bitcoin is currently the eleventh largest asset in the world with a market value of US$479 billion, or US$10 billion more than Visa's US$469 billion market cap. 

During the day, Visa shares decreased 1.01% to trade at US$223.56, according to information from Yahoo Finance.

This development occurs just days after the first cryptocurrency in the world, Bitcoin, printed its first weekly "death cross" when it momentarily rose above US$25,000 for the first time since August 2021. 

In December 2020, when BTC prices first surpassed US$25,000, Bitcoin overtook Visa in market capitalization for the first time.

The market capitalization of Bitcoin is also almost US$135 billion higher than that of Mastercard, the second-largest payment processing company in the world, which is valued at US$344 billion.

Article Credit: Yahoo! Finance

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