After rising in a higher place $66,000 today and reaching a market capitalization of more $1.2 trillion, Bitcoin has surpassed the total market cap of both car manufacturer Tesla and social media behemothic Facebook.

Co-ordinate to data from AssetDash, Bitcoin (BTC) is now the sixth most valuable asset past market capitalization among major companies, behind Microsoft, Apple, Google's parent visitor, Alphabet, Saudi Aramco, and Amazon. The crypto asset passed Tesla's and Facebook'southward market caps of $i.19 trillion and $975 billion, respectively, as its price hovers close to $66,000 and within hitting distance of its all-time high of $67,000.

The recent price ascension puts Bitcoin's market cap within $600 billion of Amazon. Tesla CEO Elon Musk's recent annunciation that he planned to sell 10% of his Tesla holdings could have contributed to the BTC volatility over the weekend when the crypto asset rose more than iv% from $62,941 to $65,512 in less than two hours.

Bitcoin's market cap was already worth more than than the full value of many fiat currencies. In February, the crypto asset flippened the Russian ruble, likely in response to Tesla announcing it had purchased an aggregate of $1.v billion in BTC. Bitcoin'southward market cap also briefly flippened the Swiss franc in Oct.

Related: The smashing crypto flippening: Can Ethereum overtake Bitcoin?

The cost of Ether (ETH) likewise rallied to rise above $4,700 for the outset fourth dimension in the token's history, with a market capitalization of more than $565 billion — more than $400 billion ahead of the 3rd-ranked cryptocurrency Binance Coin (BNB). The gains from the 2 avails have helped the total crypto marketplace cap ascent to more than than $3 trillion.