Announcements from the U.S. Securities and Exchange Commission (SEC)

Bitcoin Surpasses $89,000, Market Cap Reaches $1.75 Trillion, Overtakes Silver

Nov 12, 2024, 12:06 AM

Bitcoin has experienced a record-breaking rally, surpassing $89,000 and lifting the overall value of the cryptocurrency market above its pandemic-era peak. This surge has also pushed Bitcoin's market cap to $1.75 trillion, overtaking silver's market cap of $1.73 trillion, making Bitcoin the 8th most valuable asset globally. The rally is fueled by optimism around a pro-crypto political shift and the rise of crypto ETFs. Notably, Bitcoin's market cap is now greater than the market cap of all the silver on earth. Earlier, Bitcoin surged past $88,000. There are predictions that Bitcoin could hit $100K under Trump.