- As a result, the market capitalization of silver has climbed to $1.83 trillion, $500 billion greater than that of Bitcoin at $1.31 trillion.
- Bitcoin is the ninth-largest asset in the world, behind only gold, silver, Microsoft, Apple, Nvidia, Google, Saudi Aramco, and Amazon.
- Analysts at Bitfinex, a cryptocurrency trading site, forecast that Bitcoin may hit $150,000 in the upcoming year.
Silver has surged 33.4% since its peak of $73,737 on March 14 to become the eighth-largest asset by market capitalization in 2024, surpassing Bitcoin. As a result, the market capitalization of silver has climbed to $1.83 trillion, $500 billion greater than that of Bitcoin at $1.31 trillion.
As of right now, Bitcoin is the ninth-largest asset in the world, behind only gold, silver, Microsoft, Apple, Nvidia, Google, Saudi Aramco, and Amazon. Since February 13, the market capitalization of gold has increased by 22.4% to $16.4 trillion.
Bitcoin
After hitting an all-time high in March, industry analysts had differing opinions on the price of bitcoin. It is currently harder to accomplish such a feat with Bitcoin due to its larger market capitalization than it was in 2020, 2016, and 2012.
Galaxy Digital’s founder and CEO, Mike Novogratz, forecasts that Bitcoin will stay in a “consolidation phase” for the next month, hovering around $55,000 to $75,000, with a potential spike towards the end of the second quarter.
Analysts at Bitfinex, a cryptocurrency trading site, forecast that Bitcoin may hit $150,000 in the upcoming year. The primary causes of these optimistic forecasts, according to numerous industry analysts, are the post-halving effect and spot Bitcoin exchange-traded funds.
According to the Crypto Fear and Greed Index, the market sentiment score for Bitcoin is currently 70 out of 100, firmly placing it in the “Greed” category.
