Apple is now the world's most valuable company, dethroning Saudi Aramco _ The Cost of the Bitcoin Exceeded $ 12,000, hitting 1-year high

• 2020-08-04
• News

Apple is now the world's most valuable company, dethroning Saudi Aramco

Apple inc's surged over 10% to a record high on Friday. The company reported the best results in the last quarter. Thus, the iPhone maker has overtaken Saudi Aramco to become the world's most valuable publicly listed company.

Apple's stock is currently at $ 425.04 and has a market capitalization of $ 1.82 trillion.

Apple shares rose the most on Friday, March 13, adding $ 172 billion to its market capitalization.

Saudi Aramco has been the most valuable publicly listed company in the world since going public last year, with a market capitalization of $ 1.760 trillion.

With Friday's stock gain, Apple's has surged about 45% since the beginning of 2020. Investors believe that Apple and other major U.S. tech companies are emerging faster than their smaller rivals from the Coronavirus pandemic.

The Cost of the Bitcoin Exceeded $ 12,000, hitting 1-year high

The price of the world's most popular digital currency, Bitcoin, has risen above $ 12,000, a level unprecedented since 2019.

The price of Bitcoin reached $ 12,107.51 at 4:15 a.m. GMT on Sunday but then lost $ 1,000 in less than an hour.

This digital currency has managed to record a sharp upward trend over the past few days. The $ 12,000 level is the second significant level that it has passed just this week.

Bitcoin crossed $ 10,000 last Monday, hitting a two-month high.

Bitcoin gained 24% last month. The cryptocurrency closed the month of July at $11,351, the highest monthly close for this virtual currency since 2017, the year bitcoin reached its all-time high.