• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Rises to 8th Largest Asset Globally

user avatar

by Giorgi Kostiuk

a year ago

Bitcoin has achieved significant heights in the world asset market, exceeding a capitalization of $1.786 trillion, placing it as the eighth largest asset.

Bitcoin's Value Surge

Bitcoin is now valued higher than traditional assets like silver, which has a capitalization of $1.746 trillion, and Meta Platforms, valued at $1.400 trillion. According to IntoTheBlock, Bitcoin, with a $1.786 trillion capitalization, follows behind giants such as gold, Apple, NVIDIA, Microsoft, Alphabet, and Amazon. Gold leads with a market capitalization of $17.526 trillion.

Institutional Interest

Bloomberg's Senior ETF Analyst Eric Balchunas noted that Bitcoin's value surge is also driven by active interest from institutional investors supporting its growth momentum.

Potential for Further Growth

Bitcoin's approach to key development milestones shows strong momentum and potential opportunities for further market growth.

Bitcoin demonstrates steady growth, affirming its significance in the global asset market. Analysts foresee further strengthening of its position.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Peter Brandt Sparks Debate with Bitcoin Chart Analysis

chest

Veteran trader Peter Brandt has sparked discussions about Bitcoin's price movements with a chart suggesting a potential shift in its recovery structure.

user avatarAyman Ben Youssef

Charles Hoskinson Calls for Governance Reform in Liqwid Dispute

chest

Charles Hoskinson calls for insiders of the Liqwid protocol to step aside from a revote on asset distribution, emphasizing the need for transparency and trust in DeFi governance.

user avatarTando Nkube

Gold Price Plummets to 5000 Amid Rising US Dollar and Geopolitical Tensions

chest

The gold price has recently fallen to 5000, driven by the strengthening US dollar and the ongoing US-Iran war. Investor sentiment has soured as many express frustration over the recent price drop.

user avatarKofi Adjeman

XRP Community Divided Over Allegations of Market Manipulation

chest

The XRP community is divided over allegations of market manipulation, with Arthur claiming price surges before US market openings and Robert W arguing it's typical market behavior.

user avatarNguyen Van Long

TD Cowen Warns CLARITY Act May Not Pass Until 2027

chest

TD Cowen warns that the CLARITY Act may not pass until 2027, with potential implementation in 2029, raising concerns among lawmakers about the timeline and implications for crypto regulation.

user avatarSatoshi Nakamura

Bitcoin Shows Signs of Recovery as Coinbase Premium Gap Turns Positive

chest

The Coinbase Premium Gap has shifted to positive territory after nearly 10 weeks of negative readings, indicating a potential return of US demand for Bitcoin.

user avatarJesper Sørensen

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.