• 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

Bitget EU to Implement Strict Compliance Measures

chest

Bitget EU is set to implement strict compliance measures, including enhanced KYC controls and rigorous token listing criteria to ensure adherence to MiCA regulations.

user avatarDiego Alvarez

XO Swap Enhances User Experience in Pera Wallet

chest

The XO Swap engine streamlines crosschain swaps, making it easier for users to access the Algorand network.

user avatarAisha Farooq

Infinex INX Tokenomics and Distribution Framework Unveiled.

chest

Infinex has revealed the tokenomics for its INX token, focusing on governance rights, revenue sharing, and ecosystem incentives, with a structured distribution to ensure a balanced ecosystem.

user avatarLeo van der Veen

Exodus Launches XO Swap in Pera Wallet to Simplify Algorand Access

chest

Exodus has launched its XO Swap engine within Pera Wallet, allowing users to directly swap assets across multiple blockchain networks.

user avatarKenji Takahashi

Elon Musk Proposes Solar Solutions to Energy Constraints on AI

chest

Elon Musk proposed massive solar deployment to address electrical power constraints on AI scaling at the World Economic Forum.

user avatarGustavo Mendoza

Elon Musk Emphasizes SpaceX's Mission for Multiplanetary Existence

chest

Elon Musk emphasizes SpaceX's mission to make humanity multiplanetary, highlighting the need to protect consciousness from extinction risks.

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.