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Crypto

Bitcoin Surges Past Meta in Global Rankings with $1.54T Market Cap

Guavy AI Editorial Team
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BTC
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Bitcoin's market capitalization surged past $1.54 trillion on Friday, catapulting it to become the world's 13th-largest asset by value.

The cryptocurrency outpaced Meta Platforms in global rankings after its price rally of more than 20% over seven days.

Institutional demand and ETF inflows strengthened Bitcoin's position, while treasury bond buybacks supported risk assets and lowered long-term yields.

Short liquidations added momentum as traders betting against BTC were forced to close positions during the rapid move higher.

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