Bitcoin’s Market Cap Jumps to $1.4T, Surpassing Silver
Summary
Bitcoin's market cap has surpassed silver, making it the world's eighth most valuable asset. After a 4% increase to over $72,000, Bitcoin's valuation reached $1.42 trillion, higher than silver's $1.387 trillion. Previously, Bitcoin had exceeded Meta's (formerly Facebook) market cap of $1.2 trillion. The next target for Bitcoin is Alphabet, the parent company of Google, valued at nearly $1.7 trillion. To surpass gold, the most valuable asset with a market cap of $14.7 trillion, Bitcoin would need to increase more than tenfold to over $720,000 per token. The London Stock Exchange has begun accepting applications for Bitcoin and Ether exchange-traded notes (ETNs), contributing to Bitcoin's positive momentum.
