{"id":114468,"date":"2020-11-18T11:43:59","date_gmt":"2020-11-18T08:43:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoins-market-cap-surpasses-nvidia-at-over-336b\/"},"modified":"2020-11-18T11:43:59","modified_gmt":"2020-11-18T08:43:59","slug":"bitcoins-market-cap-surpasses-nvidia-at-over-336b","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoins-market-cap-surpasses-nvidia-at-over-336b\/","title":{"rendered":"# Bitcoin’s market cap surpasses Nvidia at over $336B"},"content":{"rendered":"

“# Bitcoin’s market cap surpasses Nvidia at over $336B <\/strong>”<\/p>\n

Amid a meteoric bull run in the cryptocurrency market, Bitcoin (BTC) is overtaking another major American company in terms of market capitalization.<\/p>\n

As Bitcoin price briefly crossed<\/a> the $18,000 threshold on Nov. 18, Bitcoin\u2019s market cap surged above $336 billion, outstrip<\/a>ping the market cap of Nvidia \u2014 one of the world\u2019s most well-known manufacturers of graphics cards.<\/p>\n

On Nov. 17, Nvidia\u2019s shares closed at $330.7 billion, according to data<\/a> from Macro Trends. The close follows a significant decline from a $358.7 billion threshold recorded on Nov. 2. At publishing time, Bitcoin\u2019s market cap accounts for $336 billion, according to data from CoinMarketCap<\/a>.<\/p>\n

Nvidia\u2019s five-year market cap chart. Source: <\/em>Macro Trends<\/a><\/em><\/figcaption><\/figure>\n

Bitcoin\u2019s new market cap milestone against Nvidia comes amid both Bitcoin and Nvidia seeing major growth in 2020.<\/p>\n

As reported by Cointelegraph, Bitcoin surged nearly 400% this year, skyrocketing from below $4,000 in January 2020 to over $18,000 in November. Nvidia\u2019s market cap surged more than 100% this year, up from around $150 billion to over $350 billion. According to Nvidia\u2019s financial results released<\/a> in August 2020, the company saw record revenue of $3.87 billion in the second quarter of 2020, up 50% from 2019.<\/p>\n

Bitcoin and Nvidia have some close ties as the latter is providing one of the world\u2019s best performing GPU cards for mining cryptocurrencies like Bitcoin. As previously reported, Nvidia might be facing some issues due to its crypto mining-related activity.<\/p>\n

In May 2020, a class action accused Nvidia of misrepresenting over $1 billion in sales to downplay the firm\u2019s reliance on sales to crypto miners. In September 2020, Nvidia\u2019s legal representatives argued that its investors are not entitled to access its internal records about the \u201ccrypto craze\u201d of 2017 and 2018.<\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Bitcoin’s market cap surpasses Nvidia at over $336B ” Amid a meteoric bull run in the cryptocurrency market, Bitcoin (BTC) is overtaking another major American company in terms of market capitalization. As Bitcoin price briefly crossed the $18,000 threshold on Nov. 18, Bitcoin\u2019s market cap surged above $336 billion, outstripping the market cap of…<\/p>\n","protected":false},"author":1,"featured_media":114469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/e5a15358-9238-481e-a7d5-99153bf203f1.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,80446,79366,75042,77134,67874],"class_list":["post-114468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-gpu","tag-market-capitalization-news","tag-mining","tag-nvidia","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/114468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=114468"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/114468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/114469"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=114468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=114468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=114468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}