The recent rise in Bitcoin has attracted various audiovisual media about the violent rise in the price of Bitcoin.
After bitcoin's slight decline to $ 40,000 today, Bitcoin prices did not soon reach the level of $ 41,000, which remained above until writing this article.
The data showed that Bitcoin's rally has been fast, even in the process of correction and retracement.
After falling the next 9% to an all-time high of the previous day, Bitcoin managed to rally quickly and only lasted for a few hours before the bullish momentum returned.
Then, not only did the largest cryptocurrency match all-time highs, it also made a new high: $ 41,950.
An analyst on Twitter summed up what is happening with Bitcoin by saying:
We seem to be getting rid of weak hands these days.
Bitcoin's rise contributed to the increase in its market value and overtaking it for international companies:
Bitcoin beat the market value of the Chinese giant, "Tencent", and surpassed Bitcoin when it rose, and for a short period, the technology company "Tesla".
Data from CoinMarketCap and the companies' market cap confirmed that on January 7, Bitcoin nearly entered the top five companies by total market cap.
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With Bitcoin surpassing and rising above $ 40,000, Bitcoin's market value has grown to unprecedented levels, surpassing $ 745 billion.
A day later, after the correction, the figure fell to $ 737 billion before recovering its previous record.
At the same time, Tesla posted a rapid daily gain of 7.3%, which allowed it to beat Bitcoin again after losing its position in the market against the cryptocurrency for a short period.
On Friday, the company was at $ 773 billion, as Bitcoin once again surpassed $ 40,000.
A more decisive victory came over the Chinese tech giant, Tencent, which had a total market value of $ 716 billion.
Tyler Winklevos, co-founder of trading platform Gemini, commented on Bitcoin's rise, saying:
There are still companies in the world that are worth more than crazy bitcoin.