Bitcoin Surges to Eighth in Global Asset Rankings as Market Cap Rises
According to 8marketcap, Bitcoin’s market cap climbed to $1.72 trillion, surpassing Vanguard’s total market ETF and overtaking Saudi Aramco to reach eighth globally.
BTC
Summary
Bitcoin’s market capitalization increased to $1.72 trillion on November 23, surpassing the $1.703 trillion valuation of the Vanguard Total Stock Market ETF. This rise allowed Bitcoin to move ahead of Saudi Aramco, reaching eighth place in global asset rankings according to 8marketcap.
Terms & Concepts
- Market Capitalization: The total value of a company or asset calculated by multiplying its current price by its total supply or outstanding shares.
- Vanguard Total Stock Market ETF: An exchange-traded fund offering broad exposure to the entire U.S. stock market, managed by Vanguard.
- 8marketcap: A financial data platform that tracks and ranks global assets by market capitalization.