19.04.2024

Bitcoin overtook Goldman Sachs and Morgan Stanley in market capitalization

The capitalization of bitcoin (Bitcoin), the most popular cryptocurrency in the world, during trading on Friday rose to $ 96.7 billion, exceeding the capitalization of American banks Goldman Sachs and Morgan Stanley, according to trading data.

As of 10.10 pm Moscow time, according to the Coinmarketcap.com trading platform, the capitalization of bitcoin was $ 94.19 billion. The cryptocurrency rate increased by 6.78%, to 5.67 thousand dollars. At the same time, the capitalization of Goldman Sachs reached $ 92.77 billion, and Morgan Stanley — $ 89.24 billion.

On Friday night, the bitcoin rate grew to a record 5.8 thousand dollars apiece. According to the Bitfinex exchange, the cryptocurrency rate reached a maximum of 5.865 thousand dollars apiece, according to the Poloniex exchange — the bitcoin rate rose to 5.841 thousand dollars apiece, on the BitStamp exchange — to 5.817 thousand dollars.

In early September, Bitcoin began to fall amid negative news about the ban on crypto exchanges in China. Having reached the mark of 4.9 thousand dollars, the cryptocurrency showed negative dynamics for two weeks. Bitcoin reached its minimum on September 15 — $ 3.1 thousand. However, then Bitcoin began to win back positions. The next day, September 16, it was already trading above $ 3.5 thousand, and on September 18, it returned to the $ 4 thousand mark.

In late October-early November, another hard fork is expected (change in the Bitcoin protocol — ed.), As a result of which a new cryptocurrency Bitcoin Gold (BTG) is formed from bitcoin. The BTG protocol aims to change the bitcoin algorithm so that miners can mine currency on graphics processing units (GPUs). It is expected that users wishing to switch to BTG will be able to receive tokens of the new cryptocurrency.

Bitcoin split into two currencies on August 1 — Bitcoin (Original) and Bitcoin Cash — due to cryptocurrency developers failing to resolve software differences. Against the background of this news, on the first day after the split, bitcoin fell by about 3%, to 2.7 thousand dollars.

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