Companies Marketcap data shows that silver has once again surpassed bitcoin in market capitalization to become the eighth largest asset in the world.
According to CoinGecko, silver has gained 33.4% since bitcoin hit its all-time high of $73,737 on March 14, while bitcoin has fallen 9.5%. Silver's current market cap of $1.828 trillion is about $500 billion more than one bitcoin, which is currently worth $1.322 trillion, making it the ninth largest asset in the world by market capitalization. That means bitcoin needs to rise 40% to $93,000 to overtake silver's current market cap (if other factors remain unchanged).
According to Trading Economics data, gold has also performed well, rising 22.4% since February 13, and its current market capitalization is $16.392 trillion
Bitcoin market value was once again overtaken by silver, a difference of about 500 billion dollars
2024-05-20 05:27:44
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