A 48% Bitcoin (BTC<\/a>)\u00a0price surge since the start of the year has pushed BTC’s market cap past that of payment processing giant Visa once again.<\/p>\n With the BTC price currently at $24,365, its market cap of $470.16 billion is now marginally above that of Visa, which has a market cap of $469.87 billion, according<\/a> to CoinMarketCap. <\/p>\n This is the third time that BTC has \u201cflippened\u201d the market cap of Visa,\u00a0according<\/a> to Companies Market Cap.<\/p>\n The first time came in late December 2020, when BTC also happened to hit $25,000 for the first time<\/a>.\u00a0This was achieved during a price surge that saw BTC rally from $10,200 in September 2020 to $63,170 seven months later, in April 2021<\/a>.<\/p>\n Visa re-took the lead between June and October 2022, which then saw BTC surpass Visa for a very brief moment on Oct. 1 before the payments company re-captured the lead again.<\/p>\n This lead was widened when the collapse of cryptocurrency exchange FTX<\/a> shaved off over $100 billion from the BTC in four days between Nov. 6-10, 2022.<\/p>\n However, since then, BTC has fully recovered and stacked an additional $65 billion on top of its Nov. 6 market cap of $408 billion to overtake the payment processing giant.<\/p>\n BREAKING: #Bitcoin<\/a> market cap is now worth more than Visa ‼️#BTC<\/a> #Crypto<\/a> #CryptoNews<\/a> #cryptocurrecy<\/a> #cryptomarket<\/a> pic.twitter.com\/rZrLufkwLj<\/a><\/p>\n \u2014 Ajay (everything hindi) (@EverythingAjay) February 19, 2023<\/a><\/p><\/blockquote>\n It should be worth noting that given the small difference in market cap between BTC and Visa, the two are currently flipping each other by the hour.\u00a0<\/p>\n Related: <\/em><\/strong>What is the Lightning Network in Bitcoin, and how does it work?<\/em><\/strong><\/a><\/p>\n As for BTC\u2019s impressive start to 2023, its third \u201cflippening\u201d of Visa came on the back of 14 consecutive days of price increases<\/a> between Jan. 4-17.<\/p>\n BTC is also well ahead of the second largest payment processing network Mastercard, which currently has a market cap of $345.24 billion, according<\/a> to Google Finance. <\/p>\n The #Bitcoin<\/a> Strategy is the Winning Strategy. pic.twitter.com\/AR9R1Dxj5G<\/a><\/p>\n \u2014 Michael Saylor⚡️ (@saylor) February 17, 2023<\/a><\/p><\/blockquote>\n BTC is still however down 63% from its all-time high of $69,044<\/a>,\u00a0which it reached on Nov. 10, 2021.<\/p>\n<\/div>\n![\"\"](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/aa8a5025-855e-4e20-95e2-5a4bcceb91fd.jpg\" "\\"\\"")
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