Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time

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Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time
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The recent Bitcoin price surge has pushed cryptocurrency's market cap above that of Visa — the largest payment processing network in the world. This is the third time BTC has “flippened” Visa.

Visa re-took the lead between June and October 2022, which then saw BTC surpass Visa for a very brief moment on Oct. 1 before the payments company re-captured the lead again.shaved off over $100 billion from the BTC in four days between Nov. 6-10, 2022.

However, since then, BTC has fully recovered and stacked an additional $65 billion on top of its Nov. 6 market cap of $408 billion to overtake the payment processing giant.

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