Bit has surpassed the historic milestone of $100,000, with a market capitalization exceeding the record of $2 trillion.
This increase has been driven by the optimism of investors around the pro-cryptocurrency stance of President-elect Donald Trump.
Notably, the market capitalization of Bit has now surpassed the GDP of Mexico ($1.85 trillion), Australia ($1.8 trillion) and Spain ($1.73 trillion) and is only $0.15 trillion behind the GDP of Russia ($2.18 trillion), Brazil ($2.19 trillion) and Canada ($2.21 trillion).
Previously, Bit had also surpassed the market valuation of Saudi Aramco ($1.796 trillion), Silver ($1.791 trillion), Facebook ($1.549 trillion) and Elon Musk-led Tesla ($1.148 trillion), becoming the 7th largest asset in the world.