• 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

2 years 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

Bitcoin Tests Major Support Zone as Sellers Press Their Advantage

chest

Bitcoin is currently testing a critical support zone between 72,000 and 74,000, with potential implications for its price trajectory.

user avatarLuis Flores

Bitcoin Whales Experience Supply Stagnation Amid Market Trends

chest

Bitcoin whales have seen their supply levels stabilize, indicating potential price weakness.

user avatarArif Mukhtar

Bitmine Immersion Technologies Acquires 111,942 ETH

chest

Bitmine Immersion Technologies has made its largest Ethereum purchase of the year, acquiring 111,942 ETH earlier this week.

user avatarDavid Robinson

Bit Digital Increases Ethereum Holdings to 158,462 ETH

chest

Bit Digital has acquired 8,568 ETH, increasing its total holdings to approximately 158,462 ETH, becoming the fourth-largest public corporate holder of Ether.

user avatarAndrew Smith

Standard Chartered Highlights Ethereum's Strong On-Chain Metrics

chest

Standard Chartered has released a report indicating that Ethereum's on-chain metrics tell a different story than its current price.

user avatarMaria Gutierrez

David Hoffman Sells His Final Ethereum Holdings

chest

David Hoffman, cofounder of Bankless, has sold his final Ethereum holdings, citing that the investment case for ETH has largely played out.

user avatarJacob Williams

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.