Zoye
07/12 15:08
Bitcoin’s market capitalization has surged past silver’s, reaching $2.34 trillion after the cryptocurrency hit a fresh all-time high above $118,000.
The milestone places Bitcoin sixth among the world’s largest assets, surpassing silver’s $2.16 trillion market cap, according to Companies Market Cap data.
Bitcoin is closing in on the top five assets, with Amazon’s $2.37 trillion market cap now within reach.
Behind Bitcoin and silver are tech giants Google and Meta, valued at $1.15 trillion and $1.79 trillion, respectively.
However, gold remains the dominant asset with a massive $22.6 trillion market cap. NVIDIA, Microsoft, and Apple follow, holding market caps in the $3 to $4 trillion range, well ahead of Bitcoin for now.
Institutional demand has been a key driver, supporting Bitcoin’s consolidation above $100,000 before its recent price surge.
Mercuryo CEO Petr Kozyakov noted that institutional interest continues to push Bitcoin’s value higher, underscoring its rising appeal as a store of value alongside altcoins like Ethereum, which recently surpassed $3,000.
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