Canada Cryptocurrency News 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, overtaking payments giant Visa for the third time in history in terms of market capitalization.
According to statistics from Companies Market Cap, Bitcoin is presently 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.
Canada Cryptocurrency News This development occurs only 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.
- A job posting for a San Francisco federal bank mentions developing the CBDC system.
- Canadian University Dubai withdraws its plan to accept cryptocurrency through Binance Pay
- Canada Tightens Margin Trading And Crypto Exchange Regulations
- Celebrities advocating cryptocurrency are warned by the SEC chair during the most recent enforcement action
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