World

Gold

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<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin’s market cap has surpassed that of silver, making it the eighth largest asset globally.</li>
 <li>Spot bitcoin exchange-traded funds (ETFs), particularly the iShares Bitcoin Trust, have seen significant inflows.</li>
</ul>
<p>Bitcoin’s market capitalization has exceeded that of silver, ranking it as the eighth largest asset worldwide. The market cap of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> now stands at $1.4 trillion, surpassing silver’s market cap of $1.3 trillion according to CompaniesMarketCap data.</p>
<h2 id="bitcoin-s-position-in-the-asset-world">Bitcoin’s Position in the Asset World</h2>
<p>Despite this, Bitcoin still trails behind Alphabet, which boasts a market cap of $1.6 trillion. Gold remains the asset with the largest market cap globally, at $14.66 trillion.</p>
<p>In the past 24 hours, Bitcoin’s price has seen an increase of roughly 2.4%, trading at $71,621 as of 6:00 a.m. ET.</p>
<h2 id="bitcoin-etfs-seeing-success">Bitcoin ETFs Seeing Success</h2>
<p>The rise in Bitcoin’s price follows another successful week for spot Bitcoin exchange-traded funds (ETFs). Data from BitMEX Research reveals that the total net flow into spot Bitcoin ETFs since January 11 has reached $9.59 billion.</p>
<p>The iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF by BlackRock, has been leading the ETF race since its launch in January. It recorded record daily inflows of $788.3 million on Wednesday, following Bitcoin’s new all-time high above $69,000.</p>
<p>The GM 30 Index, which represents a selection of the top 30 cryptocurrencies, has increased by 1.89% to 156.28 in the past 24 hours.</p>

Bitcoin Climbs Ranks, Outshines Silver as Eighth Largest Market Cap Asset

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