-
The digital currency surpasses the world’s largest bank in market capitalization.
-
In the last 7 days, Bitcoin has increased its price by 8%.
Bitcoin (BTC) breaks historical records and redefines the global financial landscape by surpassing the combined capitalization of three giants of the financial sector.
The quote of bitcoin reached a new all-time high, breaking the $94,000 barrier and consolidating itself as the seventh most valuable asset in the world. The currency has increased its price 8% in the last seven days.
With a total capitalization that exceeds 1.86 trillion dollarsthe leading digital currency now worth more than JP Morgan, Visa and Mastercard combined.
Furthermore, it surpasses the main global payment processorsVisa, with 603,000 million dollars and Mastercard, with 476,000 million dollars.
Together, these three companies total 1.76 trillion dollars, remaining 5.94% below the total capitalization of bitcoin. This is reflected in the infographic made by CriptoNoticias and published on its X account.
Bitcoin’s recent momentum brings it closer to major giants such as Apple, Microsoft and Nvidia, which occupy the top spots in terms of market value.
Although there is still a long way to go to match goldwhich leads with a capitalization of $17.6 trillion, the digital currency continues to climb positions at an impressive pace.
Trump and his effect on bitcoin
The price of bitcoin skyrocketed after the Donald Trump’s victory in the United States presidential elections, last November 5.
The Republican leader promised the creation of a strategic national reserve of bitcoin and favorable regulation for cryptocurrencies.
These measures seek to encourage the growth of the sector and consolidate bitcoin’s role as a key asset in the US economy.
IBIT ETF options boost bitcoin
Although bitcoin had already started a bullish rally two weeks ago, the launch of the first options on the iShares Bitcoin Trust (IBIT) bitcoin ETF on the US Nasdaq stock exchange acted as a significant catalyst.
This exchange-traded fund, issued by BlackRock, promises to expand access for institutional and corporate investors to the bitcoin market.
On its first day of operations, IBIT options saw total traded exposure of $1.9 billiona fact described as “unheard of” by Eric BalchunasBloomberg ETF analyst.
This was carried out through 354,000 contracts, of which 289,000 were call options and 65,000 were put options. That is a ratio of 4.4:1, as seen in the following graph.
IBIT Options Call Options and Put Options. Source: James Seyffart.
“These options were almost certainly part of the move toward bitcoin’s new all-time highs,” exposed also a Bloomberg specialist, James Seyffart
For context, the ProShares Bitcoin ETF (BITO) has accumulated 363 million dollars in four yearswhile the IBIT reached almost six times that figure in a single day.
Nate Geraci, President of ETF Store, stood out the importance of this launch: “Options add a completely new dimension, making it much easier and attractive for institutional investors to enter the market.”
The approval from the Securities and Exchange Commission (SEC) in September for the launch of IBIT options represents a crucial advance in the legitimization of bitcoin as a financial asset.
According to Geraci, the introduction of these options has opened new doors for institutional investmentl, a factor that could continue to drive the price of bitcoin and attract capital to the market.
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
