- Over the past few weeks, the leading Cryptocurrency has seen some very bullish behaviour.
- During this bullish activity, the market capitalisation for bitcoin has surpassed that of Coca-Cola and Intel.
Over the past few weeks, the leading Cryptocurrency has seen some very bullish behaviour. During this bullish activity, the market capitalisation for bitcoin has surpassed that of Coca-Cola and Intel. These are some of the biggest companies in the world with
coca-Cola being a household name for decades now.
At the end of last month, there was a serious round of bullish activity on the market for bitcoin which saw it significantly increase, flying past the $200 billion threshold. With this in mind, the leading crypto currency is currently worth more than shares of major global companies such as the aforementioned Coca-Cola and Intel.
Ever since March, the markets for Coca-Cola have been trailing below $200 billion. This is mainly due to the coronavirus and the uncertainty brought about from it. For Intel, one of the biggest global tech companies in the world saw a noticeable decline over the last week as they posted a disappointing third-quarter earnings guidance on the 22nd of July. But when it comes to bitcoin, things are looking up. There have been many bullish moves this year, up more than $80 billion since the 1st of January. Who knows what the future will hold?
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
