Bitcoin hits $500bn market cap for the first time in history

Bitcoin hits $500bn market cap for the first time in history

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The combined value of all Bitcoin (BTC-USD) tokens in circulation has reached half a trillion dollars for the first time ever as the cryptocurrency continues its stellar rally.

According to Asset Dash, the digital currency now it takes 11th place among the biggest global assets, behind such giants as Facebook (FB), Apple (AAPL), and Tesla (TSLA) and ahead of Samsung (005930.KS), Walmart (WMT) and Coca Cola (KO).

It is also ahead of Visa making it the world’s largest financial service.

In just the last day alone, Bitcoin has climbed around 15% to $28,000 (£20,925), passing the psychological $25,000 benchmark.

It is currently up 7% on Sunday, and has risen around 50% since the week before Christmas.

Continue reading at news.yahoo.com

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