Bitcoin Now Worth More Than JPMorgan Chase, Bank of America and Wells Fargo Combined

Alex Dovbnya

Bitcoin's market cap has surpassed $900 billion for the first time

News

Fri, 12/02/2021 - 6:35

Bitcoin Now Worth More Than JPMorgan Chase, Bank of America and Wells Fargo Combined

Cover image via stock.adobe.com

Read U.TODAY on

Google News

Bitcoin, the largest cryptocurrency, has exceeded the cumulative market capitalization of JPMorgan Chase, Bank of America, and Wells Fargo.

HOT Stories

13 Million RLUSD Ready to Hit Market After Ripple’s Fresh Minting: Details

2025 Predicted to Be 'Big Year' for Bitcoin by Pantera Capital Founder

$2.1 Billion Worth of Bitcoin Options About to Expire

Bitcoin (BTC) at $100,000: What's Next? Dogecoin (DOGE) Failed Miserably, Cardano (ADA) Ready to Dominate?

Earlier today, the cryptocurrency hit a new all-time high of $49,000 on the Bitstamp exchange before retracing below $47,000. Its market cap has reached $900 billion for the first time.

The flagship coin has soared over 26 percent this week alone, with its rally being bolstered by Tesla, Mastercard, and BNY Mellon.

Thu, 02/11/2021 - 14:11

Uber to Consider Accepting Bitcoin and Other Cryptocurrencies from Customers

Bitcoin surpassed the market cap of JPMorgan, the largest U.S. bank by assets, back in mid-December.

It is also currently bigger than all but three U.S. public companies (Apple, Microsoft, and Alphabet).

#Bitcoin News #JP Morgan News

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.