• 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

Stablecoins Gain Dominance in Crypto Payments

chest

Stablecoins are becoming the dominant use case for value transfer in the crypto space, with transaction volumes exceeding $33 trillion by late 2025.

user avatarZainab Kamara

XRP Price Surge and Consolidation

chest

XRP price has shown a strong increase, moving above the 1520 mark and consolidating its gains.

user avatarSon Min-ho

Ripple Custody Set to Launch in Brazil

chest

Ripple Custody is set to launch in Brazil, offering bank-grade security and compliance features for institutions to manage digital assets.

user avatarAyman Ben Youssef

Ripple Expands Operations in Brazil

chest

Ripple announces plans to expand its operations in Brazil, aiming to enhance its digital asset services and apply for a key regulatory license.

user avatarKofi Adjeman

Citigroup Lowers Bitcoin and Ethereum Price Targets Amid Legislative Concerns

chest

Citigroup has lowered its price targets for Bitcoin and Ethereum due to concerns over slow legislative progress in the U.S.

user avatarTando Nkube

Tokenization Initiatives and RLUSD Expansion in Brazil

chest

Ripple's RLUSD stablecoin is gaining momentum in Brazil, with major exchanges and fintech companies adopting it for trusted digital dollar options and tokenization of real-world assets.

user avatarNguyen Van Long

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.