The value of the world’s largest cryptocurrency bitcoin has broken the $5,800 mark, hitting another all-time high before retreating to the $5,600-$5,700 level, still close to the maximum.
Its market capitalization is approaching $97 billion. If bitcoin were a company, its market cap puts it in the same league as some of the world’s top corporations.
The cryptocurrency would be in 77th in PwC’s list of the top 100 corporations, bigger than Bayer, Goldman Sachs, UPS, Nike, and Mitsubishi.
Bitcoin is up over 480 percent year-to-date.
The reason behind the rally is talk China may reverse the ban it imposed on cryptocurrency exchanges last [READ MORE HERE]
Source: EU Times