• 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

Concerns Over Bitcoin's Quantum Security

chest

Concerns have been raised about making Bitcoin's network quantum-secure.

user avatarMohamed Farouk

Crypto Analyst Shares Insights on Bitcoin Market

chest

A crypto analyst known as TheModernInvestor shares insights on Bitcoin's market trends and investor sentiment, highlighting optimism despite recent price declines.

user avatarBayarjavkhlan Ganbaatar

Nakamoto NAKA Reports $239 Million Losses in Q1

chest

Nakamoto NAKA reported significant losses of approximately $239 million in Q1 due to the decline in Bitcoin prices.

user avatarDiego Alvarez

Nakamoto NAKA Implements 1-for-40 Reverse Stock Split

chest

Nakamoto NAKA announces a 1-for-40 reverse stock split to comply with Nasdaq listing rules after shareholder approval.

user avatarElias Mukuru

Microsoft and OpenAI Report Malware Infections from ShaiHulud Campaign

chest

Microsoft and OpenAI reported malware infections in their systems linked to the ShaiHulud campaign.

user avatarKenji Takahashi

ShaiHulud Malware Campaign Raises Alarms in Software Development

chest

A new malware campaign named ShaiHulud is raising alarms in the software development community due to its extensive reach across major package repositories.

user avatarMaria Fernandez

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.