Bitcoin Surpasses Silver Market Cap, Becomes 8th Largest Asset
Bitcoin surpasses silver’s market cap, hitting $1.736 trillion.
Bitcoin just hit another major milestone, surpassing silver’s $1.735 trillion market cap to become the world’s 8th largest asset. Trading at an all-time high of $89,000, Bitcoin gained 10% today as silver dropped by 2%.
This surge is driven by institutional buying and ETF activity, with BlackRock’s iShares Bitcoin Trust (IBIT) alone recording $4.5 billion in daily trading volume. Analysts say Trump’s election win and pro-crypto stance have fueled optimism for regulatory support.
The broader Bitcoin ecosystem, including ETFs and companies like MicroStrategy, reached $38 billion in daily trading volume, marking a lifetime high. With Bitcoin now 14% away from the $100,000 milestone, analysts predict six figures could be achieved by year-end, signaling a continued shift in global asset rankings.
