Bitcoin's market value is once again surpassed by silver
Marketcap data shows that the market value of silver has once again surpassed Bitcoin, becoming the eighth largest asset in global market value. CoinGecko data shows that since Bitcoin reached its historical high of $73,737 on March 14th, silver has risen by 33.4%, while Bitcoin has fallen by 9.5%. The current market value of silver is $1.828 trillion, about $500 billion higher than Bitcoin's which stands at $1.322 trillion and ranks as the ninth largest asset in global market value. This means that for Bitcoin to surpass the current market value of silver (assuming other factors remain unchanged), it needs to rise by 40% to reach $93,000 per coin. According to Trading Economics data, gold also performed well with a rise of 22.4% since February 13th and currently holds a market cap of $16.392 trillion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US President Donald Trump says was ready to strike Houthis in Yemen, then pulled back
ZAMA gains traction as 24h trading volume surges
Global economy risks fragmentation! Australia bets on AI as a new growth engine
In a potentially more fragmented and unpredictable global economy over the next 40 years, Australia relies on the deployment and development of artificial intelligence (AI) to drive economic growth.
Europe’s aviation fuel “red alert” in the fourth quarter: Shortfall will reach 510,000 barrels/day, South Korea’s exports surge to a four-year high to urgently fill the gap
According to analysts and shipping data, Europe will face a supply gap for aviation fuel in the fourth quarter, even as it turns to distant suppliers such as South Korea. South Korea's aviation fuel exports to Europe in September are set to reach a four-year high.
Crypto prices
More
