Bitcoin Outpaces Silver, Becoming the 8th Largest Asset in the World
11.11.2024 23:32 1 min. read Alexander Stefanov
To say the least, it has been one hell of a week for Bitcoin and the cryptocurrency market as a whole.
After Donald Trump’s victory in the 2024 presidential elections in the USA, and the Federal Reserve’s decision to lower interest rates by 0.25 bps, the crypto market has been on a tear.
Bitcoin just surged to $88,000 – a remarkable achievement, considering last year’s lows in the crypto market.
At the time of writing, Bitcoin has officially surpassed silver’s market cap with its $1.736 trillion, according to the latest data from CompaniesMarketCap.
Years ago Bitcoin predictions in the range of $100,000 and above were considered extremely optimistic and even unrealistic, but after these past few days this mark seems closer than ever.
Bitcoin is up 11% for the day and over 30% in the past 7 days. The cryptocurrency market is currently valuated at $2.94 trillion after an incredible 12% surge in the past 24 hours.
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1
75% of Bitcoin ETF Buyers Are New to Crypto as the Market Matures
27.11.2024 11:00 2 min. read -
2
Bitcoin Outpaces Silver, Becoming the 8th Largest Asset in the World
11.11.2024 23:32 1 min. read -
3
Goldman Sachs Boosts Bitcoin ETF Holdings Amid Bullish Market Outlook
15.11.2024 16:30 2 min. read -
4
Bitcoin Falls Below $97,000 – Over $250 Million Were Liquidated in the Past Hour
09.12.2024 22:50 1 min. read -
5
AI Predicts Bitcoin’s Future Price – Here is What to Expect
23.11.2024 9:00 1 min. read
