BITCOIN'S MARKET VALUE LEFT VISA AND MASTERCARD BEHIND‼️
Bitcoin's market value has reached $1.33 trillion, surpassing giants such as Visa and Mastercard. This development once again shows how influential Bitcoin is in the financial world. In addition, net inflows to Bitcoin ETFs exceeded $20 billion, and $1.5 billion inflow was recorded last week alone. This momentum shows that investors' confidence in cryptocurrencies is increasing.
The European Central Bank (ECB), as expected, lowered interest rates by 25 basis points. This decision had a positive impact on crypto markets, especially Bitcoin's profitable address ratio increased to 95%. According to IntoTheBlock data, the improving sentiment in the market indicates that Bitcoin may gain more value in the future.
On the other hand, Worldcoin has rebranded itself as “World Network” and launched its Layer 2 mainnet, World Chain. This step aims to provide more decentralization in the crypto ecosystem.
As a result, these developments show that cryptocurrencies are rapidly gaining strength in the financial world and are candidates to replace traditional financial systems.
Sources:
• Decrypt, 2024. European Central Bank Cuts Rates.
• Daily Hodl, 2024. Bitcoin’s Market Cap Soars Past World’s Largest Financial Institutions.
• CoinLive, 2024. Bitcoin’s Market Cap Exceeds That of Visa and Mastercard.
