Bitcoin flippens Russian ruble after Tesla purchase
Cointelegraph
Published Feb 09, 2021 12:47PM ET
Updated Feb 09, 2021 08:40PM ET
After hitting a new all-time high of more than $48,000 earlier today, the market capitalization of Bitcoin has surpassed the total market cap of the Russian ruble.
According to data from AssetDash, Bitcoin’s market cap is $871 billion at the time of publication. This exceeds the money supply of the Russian ruble, which as of January was estimated to be 58.6 trillion RUB, currently valued at roughly $791.1 billion. The crypto asset has also overtaken Tesla Motors (NASDAQ:TSLA) in market capitalization after a brief retreat yesterday — the car manufacturer’s market cap is $813 billion at the time of publication, having fallen 1.8% in the last 24 hours.
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Written By: Cointelegraph
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