U.Today – Here are the top three news stories from the last day, presented by U.Today.
surpasses Meta after rising to $75,000
Bitcoin’s recent surge in value to a fresh record high of $75,358 has positioned it as the world’s ninth-largest asset, with a market capitalization of approximately $1.482 trillion. This achievement helped the flagship crypto surpass the market capitalization of Facebook’s (NASDAQ:) parent company Meta, which is valued at around $1.444 trillion. This is not the first time Bitcoin has overtaken Meta; it achieved a similar feat in March during a rally fueled by the success of Bitcoin ETFs. Year-to-date, Meta shares are up 65%; however, Bitcoin has seen an boost of over 75% over the same period. Right now, Bitcoin has silver in its reach, with the precious metal’s market capitalization standing at $1.774 trillion; to exceed it, BTC would need to boost its market capitalization by approximately $300 billion.
founder responds when DOGE, BTC skyrockets
In a recent post on X, Dogecoin co-founder Billy Markus (aka Shibetoshi Nakamoto) reacted to the latest price increases in Bitcoin and Dogecoin. He previously made a light-hearted prediction, saying that “Bitcoin will rise to $69,420 and DOGE to $0.16942.” Now that both digital assets have hit fresh highs, Markus returned to his previous statement, jokingly noting, “Well, Bitcoin and Doge listened to the prophecy anyway.” With Bitcoin hitting an all-time high of $75,000 and Dogecoin rising over 22%, Markus expressed his excitement about the overall positive market trends. However, as of this writing, Dogecoin appears to be losing its early gains as it changes hands at $0.1869, down 6.17% over the last 24 hours, according to CoinMarketCap data.
(SHIB) burn rate skyrockets to 3,674% amid price recovery
When it comes to the meme coin space, all eyes are on the Shiba Inu as several key metrics show significant improvement. One of them is the burning rate; according to the latest data, this rate increased by 3,674% in just 24 hours, which resulted in over 53 million SHIB tokens being sent to dead wallets. As a result, the total number of tokens burned has reached 410,737,117,236,496 SHIB, while the circulating supply is 583,614,657,016,182 SHIB. The recent burn saw the SHIB price rise 5.01% to $0.00001871, while trading volume increased 198% to $1.12 billion. With the ongoing Bitcoin price rally impacting altcoins, Shiba Inu is gaining momentum, which could lead to significant price increases. SHIB is currently trading at $0.0000185, down 2.29% in the last 24 hours.
