TRENDING:

XAU/USD

Silver

Bitcoin market cap hits new all-time high and surpasses JPMorgan at $352M

Cointelegraph Team Cointelegraph

Bitcoin outperforms JPMorgan in terms of market capitalization shortly after the firm’s CEO said Bitcoin “is not my cup of tea

Amid an ongoing parabolic bull run, Bitcoin (BTC) is breaking another major milestone in terms of its market capitalization against American banking giant JPMorgan.

On Nov. 24, Bitcoin surpassed the $19,000 price mark for the first time since December 2017, breaking another all-time record in its market cap.

At publishing time, Bitcoin’s market cap is $352 billion, up from $345 billion 24 hours ago.

According to data from Macro Trends, JPMorgan’s market cap closed at $349 billion on Nov. 23. Earlier this year, JPMorgan’s market cap dropped to as low as $258 billion.

Bitcoin all-time market capitalization. Source: CoinMarketCap

The company’s CEO Jamie Dimon has emerged as a prominent critic of Bitcoin, calling the major cryptocurrency a “fraud” and “scam” back in 2017.

Dimon has not changed his negative stance on BTC despite the growing bull run and major companies like PayPal moving into Bitcoin. At The New York Times DealBook Online Summit on Nov. 18, Dimon compared the seminal cryptocurrency to proprietary blockchain networks with regulatory controls, stating, “Bitcoin is kind of different and it’s not my cup of tea.”

Despite its CEO's skepticism of Bitcoin, in October 2020, JPMorgan reportedly told investors that “the potential long-term upside for Bitcoin is considerable,” suggesting that BTC price would be doubling or tripling in the long term.

Author

Cointelegraph Team

Cointelegraph

We are privileged enough to work with the best and brightest in Bitcoin.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.

Bitcoin extends gains as ETF inflows persist despite broadening US-Iran war

Bitcoin hovers around $73,000 on Thursday, driven by the US Stock market recovery, boosting risk-on sentiment. Data shows analysts are mostly bullish on Bitcoin, citing renewed demand from institutional investors, on-chain holders, and the derivatives market.

Crypto Today: Bitcoin, Ethereum, XRP hold weekly gains despite US-Iran war

The cryptocurrency market is gaining strength on Thursday, building on Wednesday's upswing, which saw Bitcoin reach a weekly high above $74,000. Ethereum and Ripple are moderating their recent gains amid uncertainty stemming from the escalating war in the Middle East.

Pi Network eyes breakout rally as broader market recovers

Pi Network (PI) price extends gains above $0.1900 at press time on Thursday, following a 7% increase the previous day. The upcoming token unlock of more than 20 million PI tokens on Saturday looms over the short-term recovery.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.