Bitcoin’s (BTC) recent surge in buying pressure has attracted a significant inflow of capital amidst the chaos in the banking system, giving the asset an upward momentum and elevating its rank higher among investment products. 

In this line, Bitcoin’s market cap has reached $524.14 billion, making it the 11th highest asset globally by market capitalization, data retrieved from Company Market Cap on March 24 indicates.

This places Bitcoin just one spot away from reentering the top ten category of the most valuable assets, currently occupied by electric vehicle manufacturer Tesla (NASDAQ: TSLA), with a market cap of $602.09 billion.

(by Paul L.)