Market capitalization data from reliable financial sources like CoinMarketCap or Bloomberg

Bitcoin's Market Cap Hits $1.736 Trillion, Surpasses Silver to Become 8th Largest Asset

Nov 11, 2024, 10:01 PM

Bitcoin's market capitalization has surpassed that of silver, reaching approximately $1.736 trillion. This milestone makes Bitcoin the world's eighth-largest asset by market cap, overtaking silver's $1.734 trillion valuation. With its price nearing $90,000, Bitcoin has added $1 trillion in market capitalization over the last 12 months. The cryptocurrency is now larger than all but six public companies globally and is about one-tenth the market cap of gold. Bitcoin, often referred to as digital gold, has outpaced silver, a metal with a 5,000-year history of value, in just 15 years.