Spot Bitcoin exchange-traded fund #ETFs. inflows helped aid the oldest crypto’s surge above the $49,000 mark. Bitcoin’s move higher makes its market capitalization bigger than that of Wall Street stalwarts, including Elon Musk’s electric carmaker Tesla and American payment provider #visa

#BTC‬ Ranks No.8 Among Global Assets.

Off a weeks-long sprint of 16.7% gains, Bitcoin is now more valuable than some of Wall Street’s favourite companies. Bitcoin currently boasts a price of $49,893, putting the top crypto’s market cap at $979 billion.

Were BTC a U.S.-listed stock, it would rank as the eighth-largest by market cap, leapfrogging Wall Street giants such as Tesla, Berkshire Hathaway, and Visa, data from CompaniesMarketCap suggests.

#Tesla sits at a $611 billion valuation; Berkshire Hathaway at $859 billion; Visa, meanwhile, boasts a $562.51 billion valuation.

Bitcoin’s ascent is particularly notable in comparison to #Ethereum(ETH) , the second-largest cryptocurrency, which holds a modest 34th spot out of 100 assets. Bitcoin’s growing influence and, by extension, the wider crypto market, on the global financial stage becomes even more apparent because of this development.