• 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

Morgan Stanley Bitcoin ETF Set for April 8 Launch

chest

Morgan Stanley's proposed spot Bitcoin ETF is expected to begin trading on April 8, 2025, pending SEC approval.

user avatarMaya Lundqvist

Morgan Stanley Advances Bitcoin ETF Towards SEC Approval

chest

Morgan Stanley has formally entered the spot Bitcoin ETF arena with its recent amended filing, which has now entered the final stages of regulatory review by the SEC.

user avatarKaterina Papadopoulou

Details of Revenge Tactics Revealed by South Korean Criminal Ring

chest

The criminal organization uncovered by South Korean police has revealed a range of revenge tactics employed against clients' targets, including defamation, harassment, and physical assaults, all funded through cryptocurrency.

user avatarLeo van der Veen

ATEG's Index Price Model Enhances Financial Planning for Users

chest

ATEG's index price model allows users to engage in financial planning without the worry of short-term price fluctuations.

user avatarAisha Farooq

ATEG Launches Innovative Hybrid Model to Combat Cryptocurrency Volatility

chest

ATEG launches a new digital asset that combines market-driven pricing with real-world usability to tackle volatility in the cryptocurrency market.

user avatarLi Weicheng

Western Digital Delays Transition to HAMR Technology

chest

Western Digital has extended its ePMR technology roadmap, indicating a slower transition to HAMR drives.

user avatarBayarjavkhlan Ganbaatar

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.