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Bitcoin’s $287 Billion Market Value Passes Walmart

The collective value of all bitcoins has leapt more than 17-fold this year, surpassing the $286.7 billion market capitalization of Wal-Mart Stores Inc. Photo: Visual China
The collective value of all bitcoins has leapt more than 17-fold this year, surpassing the $286.7 billion market capitalization of Wal-Mart Stores Inc. Photo: Visual China

As Bitcoin’s meteoric rise continues, the cryptocurrency is now more valuable than Wal-Mart Stores Inc.

Bitcoin price has nearly doubled over just the past week and now stands at $17,154, boosting its market value to $286.9 billion, according to data providers Coindesk and CoinMarketCap. The collective value of all bitcoins has been up more than 17-fold since the beginning of this year, and has surpassed U.S. hypermarket operator Walmart’s $286.7 billion market capitalization.

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