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Bitcoin Becomes 8th Largest Currency Globally After Surpassing Taiwan Dollar


by Vignesh Karunanidhi
for CoinEdition

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Bitcoin Becomes 8th Largest Currency Globally After New ATH
  • 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.

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.

Read the article at CoinEdition

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$ 93.22K

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$ 0.016

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In This News

Coins

$ 93.22K

+1.01%

$ 0.016

+0.70%

$ 0.00...361

$ 0.000399


Share:

Read More

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Bitcoin Becomes 8th Largest Currency Globally After Surpassing Taiwan Dollar


by Vignesh Karunanidhi
for CoinEdition

Share:

Bitcoin Becomes 8th Largest Currency Globally After New ATH
  • 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.

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.

Read the article at CoinEdition

In This News

Coins

$ 93.22K

+1.01%

$ 0.016

+0.70%

$ 0.00...361

$ 0.000399


Share:

In This News

Coins

$ 93.22K

+1.01%

$ 0.016

+0.70%

$ 0.00...361

$ 0.000399


Share:

Read More

Bitcoin Hovers Near Production Cost as Bull/Bear Line Tightens

Bitcoin Hovers Near Production Cost as Bull/Bear Line Tightens

Difficulty and network valuation models point to BTC hovering around fair value near ...
Strategy’s yield hunt inadvertently helps the very hedge funds looking to short its Bitcoin premium

Strategy’s yield hunt inadvertently helps the very hedge funds looking to short its Bitcoin premium

Strategy, formerly known as MicroStrategy, is considering a pivot that would fundamen...