Bitcoin Surpasses Meta After Surging to $75,000
Bitcoin’s recent spike to a new all-time high of $75,358 has propelled it to become the ninth-largest asset globally, with a market capitalization of approximately $1.482 trillion. This remarkable achievement has enabled Bitcoin to surpass the market cap of Meta, Facebook’s parent company, which is valued at around $1.444 trillion.
### Key Points:
– Bitcoin’s market cap reaches $1.482 trillion after hitting $75,358.
– Bitcoin outpaces Meta for the second time this year.
– Meta’s shares have risen by 65% year-to-date, compared to Bitcoin’s 75% increase.
– Bitcoin is now eyeing to surpass silver’s market cap of $1.774 trillion.
Founder Responds as DOGE, BTC Skyrocket
In response to the recent price surges of Bitcoin and Dogecoin, Dogecoin cofounder Billy Markus (also known as Shibetoshi Nakamoto) expressed his amusement at the market developments. Previously, Markus jokingly predicted that “Bitcoin goes to $69,420, and DOGE goes to $0.16942.” With both digital assets hitting new highs, Markus humorously acknowledged that “Bitcoin and Doge listened to the prophecy.”
### Key Points:
– Bitcoin reaches a record high of $75,000.
– Dogecoin rises by over 22%.
– Markus delighted by positive market trends.
– Dogecoin sees a slight drop to $0.1869 after earlier gains.
SHIB Burn Rate Skyrockets 3,674% Amid Price Revival
Shiba Inu, a prominent meme coin, is currently experiencing a surge in key metrics, notably the burn rate. Recent data indicates a staggering 3,674% increase in the burn rate within 24 hours, resulting in over 53 million SHIB tokens being sent to dead wallets. This event has led to a total of 410,737,117,236,496 SHIB tokens being burned, with a circulating supply of 583,614,657,016,182 SHIB.
### Key Points:
– SHIB’s burn rate increases by 3,674% in a day.
– Over 53 million SHIB tokens sent to dead wallets.
– Price of SHIB rises by 5.01% to $0.00001871.
– SHIB trading volume surges by 198% to $1.12 billion.
For more information on these exciting developments in the cryptocurrency market, visit [U.Today](https://u.today/bitcoin-surpasses-meta-after-surging-to-75000-dogecoin-founder-reacts-to-doge-and-btc-price-spike?from=investing).
—
**Analysis:**
In summary, the cryptocurrency market has witnessed significant movements in recent times, with Bitcoin surging to new all-time highs and surpassing major companies like Meta in market capitalization. Dogecoin and Shiba Inu have also experienced price rallies, with notable figures in the industry reacting to these positive trends.
For individuals new to finance, these developments highlight the growing importance of cryptocurrencies in the global financial landscape. As digital assets continue to gain traction and mainstream acceptance, investors need to stay informed about market trends and potential investment opportunities in the crypto space. The surge in burn rates and trading volumes for coins like SHIB indicate a dynamic and evolving market that offers both risks and rewards for investors.
Overall, the cryptocurrency market’s volatility and rapid growth present both challenges and opportunities for investors looking to diversify their portfolios and capitalize on the potential of digital assets. It is essential for investors to conduct thorough research, seek professional advice, and stay updated on market developments to make informed decisions about their financial future.