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Bitcoin

<ul> 
 <li>The recent price increase in Bitcoin has propelled its market value ahead of silver, making it the world’s eighth-largest asset.</li> 
 <li>Bitcoin’s price has risen approximately 2.4% in the last 24 hours, trading at $71,621 according to current data.</li> 
 <li>According to BitMEX Research, the total net inflow into spot Bitcoin ETFs has been $9.59 billion since January 11.</li> 
</ul> 
<p><strong>Following Bitcoin’s surpassing of $71,000 earlier today, it has now become the world’s eighth-largest asset, overtaking silver!</strong></p> 
<h2 id="strong-bitcoin-becomes-the-eighth-largest-asset-strong"><strong>Bitcoin Becomes the Eighth-Largest Asset</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126551" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="bitcoin-btc" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-53.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>The recent price surge in Bitcoin has positioned it as the world’s eighth-largest asset, surpassing silver in market value. Bitcoin currently has a market capitalization of $1.4 trillion, while silver’s market cap is seen at only $1.3 trillion, according to CompaniesMarketCap data.</p> 
<p>Cryptocurrency still lags behind Alphabet with a market capitalization of $1.6 trillion. The globally largest asset in terms of market value is still gold, with a magnitude of $14.66 trillion. Bitcoin’s price has risen approximately 2.4% in the last 24 hours, trading at $71,621 according to current data.</p> 
<p>The increase in Bitcoin’s price comes after another successful week for spot Bitcoin exchange-traded funds (ETFs). According to BitMEX Research, the total net inflow into spot Bitcoin ETFs has been $9.59 billion since January 11.</p> 
<h2 id="strong-blackrock-s-ibit-etf-stands-out-further-strong"><strong>BlackRock’s IBIT ETF Stands Out Further</strong></h2> 
<p>BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has been a leader in the ETF race since its launch in January. According to data, it increased its record daily inflows to $788.3 million on Wednesday following Bitcoin’s new all-time high above $69,000. The GM 30 Index, representing a selection of the top 30 cryptocurrencies, rose 1.89% in the last 24 hours, reaching 156.28.</p> 
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<p>The post <a rel="nofollow" href="https://en.coinotag.com/bitcoin-surpasses-silver-emerging-as-a-leading-asset/">Bitcoin Surpasses Silver, Emerging as a Leading Asset!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>

Bitcoin Surpasses Silver, Emerging as a Leading Asset!

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