• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin confidently joins the world's largest assets

user avatar

by Giorgi Kostiuk

a year ago

After surpassing crucial resistance levels, Bitcoin soared to new all-time highs, becoming the world's seventh-largest asset by market capitalization.

Bitcoin becomes the eighth largest asset

Bitcoin surpassed Silver and Saudi Aramco, reaching a market cap of $1.8 trillion due to the largest nine-day price surge since January 2021.

Given that Bitcoin's market capitalization in January 2021 was just $450 billion, it takes significantly more capital today to effect such a change in price. We believe this recent move probably represents the largest volume of capital flowing into Bitcoin over such a short time.Bitfinex

Bitcoin ETFs could surpass gold ETFs

Bitcoin ETFs have the potential to overtake gold. By November, they held $84 billion in assets, 66% of gold ETFs' AUM. If current trends persist, Bitcoin ETFs could surpass gold within months.

Rise of Bitcoin funds

BlackRock's iShares Bitcoin ETF has already surpassed the company's iShares Gold ETF, achieving what took gold 20 years in less than a year for Bitcoin.

Bitcoin's breakthrough to new heights demonstrates its rapid mainstream acceptance and potential to become an even larger force in the global financial market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitwise Advances with Avalanche ETF Filing

chest

Bitwise has updated its S1 filing with the US SEC to launch the Avalanche ETF, trading under ticker BAVA, with a management fee of 0.34% and aims to track the CME CF Avalanche-Dollar Reference Rate.

user avatarKaterina Papadopoulou

Litecoin Faces Resistance as Analysts Predict Possible Pullback

chest

Litecoin is under analysis as it approaches a crucial resistance zone.

user avatarMaya Lundqvist

Walletium Introduces Mild Staking for Earning TEX Rewards

chest

Walletium has launched Mild Staking, an innovative mechanism that allows users to earn TEX rewards directly within the Telegram platform.

user avatarLeo van der Veen

SBSB FinTech Lawyers Releases Guide on Top Jurisdictions for Crypto Licensing

chest

SBSB FinTech Lawyers has published a guide outlining the top five jurisdictions for crypto licensing and business registration in light of the upcoming MiCA regulation.

user avatarKenji Takahashi

OpenSea Leadership Denies Rumors of Token Sale Amid Coinbase Speculation

chest

OpenSea leadership denies rumors of a $150 million token sale following a deleted tweet from Coinbase.

user avatarLi Weicheng

Kiyosaki Warns of Major Economic Shifts Due to AI

chest

Kiyosaki warns of a major economic crash driven by AI and automation, highlighting the uncertain global financial climate and the need for asset diversification.

user avatarAisha Farooq

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.