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Bitcoin Market Cap Overtakes Nvidia At $336 Billion

  • Having briefly crosse the $18,000 threshold on Nov. 18, Bitcoin’s market cap surged above $336 billion, overtaking the market cap of Nvidia — one of the world’s most well-known manufacturers of graphics cards.
  • On Nov. 17, Nvidia’s shares closed at $330.7 billion. The close follows a significant decline from a $358.7 billion threshold recorded two weeks earlier.
  • Both Bitcoin and Nvidia have seen major growth this year. The former has surged nearly 400%, skyrocketing from below $4,000 in January to over $18,000 in November.
  • Meanwhile, Nvidia’s market cap has soared more than 100% this year, up from around $150 billion to over $350 billion.
  • Bitcoin and Nvidia have some close ties as the latter is providing one of the world’s best performing GPU cards for mining cryptocurrencies.
  • Read the full story here.

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