Bitcoin Becomes 8th Largest Currency Globally After Surpassing Taiwan Dollar
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- Bitcoin has surpassed the Taiwan dollar to become the 8th largest global currency.
- BTC price has now hit $111.8K, pushing market cap to $2.18T, now ahead of Amazon.
- Next up, Bitcoin eyes the Hong Kong dollar’s $2.43 trillion in global currency ranks.
Bitcoin has climbed to become the world’s 8th-largest currency by market capitalization. It has surpassed the Taiwan Dollar with this milestone. With a current market cap of $2.18 trillion, Bitcoin now ranks ahead of Taiwan’s currency, which holds a $2.17 trillion valuation.
The advancement comes as Bitcoin reached a new all-time high of $111,800 on May 22, breaking through its previous record of $109,000. This price surge has pushed Bitcoin’s total market value above several major national currencies.
#BITCOIN IS NOW THE 8TH LARGEST CURRENCY IN THE WORLD, AFTER FLIPPING THE TAIWAN DOLLAR.
— Crypto Rover (@rovercrc) May 22, 2025
HONG KONG DOLLAR NEXT..pic.twitter.com/7NNrkk4jWt
Where Bitcoin Stands in the Global Currency Hierarchy
According to AssetMarketCap data, Bitcoin’s current ranking places it behind the Hong Kong dollar, which has a $2.43 trillion market cap. This makes Hong Kong’s currency th…
The post Bitcoin Becomes 8th Largest Currency Globally After Surpassing Taiwan Dollar appeared first on Coin Edition.
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$ 63.85K
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$ 0.000399
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