Current market capitalization of the flagship cryptocurrency is approximately $1.37 trillion, as reported by CoinMarketCap. Therefore, Bitcoin’s market value surpassed that of the three biggest banks in the world: JPMorgan Chase ($574 billion), Bank of America ($311 billion), and Industrial and Commercial Bank of China ($268 billion).
At the moment, one Bitcoin can buy or sell for anywhere from $69,300 to $69.760. Exchange trading volume surpassed $15 billion, and the asset has lost approximately 0.03% of its initial value over the past 24 hours. The weekly timeframe showed a growth of approximately 0.6% for Bitcoin.
Gautam Chugani and Mahika Sapra, analysts at Bernstein Investment Company, have previously stated that they expect Bitcoin’s market cap to reach approximately $3 trillion by 2025.