• 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

AI Firms Face Legal Scrutiny Over Copyright Issues

chest

AI firms are facing copyright lawsuits from authors and publishers over unlicensed use of their works for AI training.

user avatarKenji Takahashi

Arizona Advances Bill for Public Cryptocurrency Reserve

chest

Arizona lawmakers have moved forward with a bill that could establish a public reserve for cryptocurrency, including XRP.

user avatarDiego Alvarez

UNESCO Report Highlights Potential Revenue Losses for Creators Due to AI

chest

UNESCO's report forecasts significant revenue losses for music and audiovisual creators by 2028 due to the rise of generative AI.

user avatarMaria Fernandez

Solana's price faces a downturn.

chest

Solana's price has dropped below key support levels, indicating a bearish trend.

user avatarGustavo Mendoza

Lyn Alden Foresees Gradual Fed Policy Changes Impacting Bitcoin

chest

Lyn Alden predicts that the Federal Reserve will adopt a gradual approach to balance sheet expansion, impacting Bitcoin's market position.

user avatarRajesh Kumar

Surge in Whale Activity on Binance Amid Market Correction

chest

Surge in whale activity on Binance as large Bitcoin holders increase their movements, indicating potential market actions amid uncertainties.

user avatarLuis Flores

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.