• 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

TRX Price Tests Multi-Month Resistance Amid Uptrend

chest

TRX is testing a significant resistance level while maintaining an uptrend structure.

user avatarRajesh Kumar

TRON Integrates with LIFI to Enhance DeFi Accessibility

chest

TRON has integrated with LIFI, allowing seamless access to its liquidity for DeFi applications.

user avatarGustavo Mendoza

Analysts Split on Ethereum's Future Amid Recent Price Surge

chest

Analysts provide differing perspectives on Ethereum's price surge and its implications for future performance.

user avatarMiguel Rodriguez

Ethereum Faces Critical Resistance Test Amid Market Recovery

chest

Ethereum is attempting to break through a significant resistance level as it recovers from recent market fluctuations.

user avatarMaria Fernandez

Filecoin Introduces Premium Storage Tier for Cardano Developers

chest

Filecoin has launched a premium storage tier for developers using Blockfrost, enhancing reliability for Cardano applications without altering existing workflows.

user avatarLuis Flores

Community Analyst Advocates for Daily Crypto Investments

chest

Daphne, a community analyst, emphasizes that buying coffee and investing in cryptocurrencies like XRP and Bitcoin can coexist, advocating for small daily investments as a strategy for future financial growth.

user avatarArif Mukhtar

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.