Bitcoin's market value is once again surpassed by silver

Bitget2024/05/20 06:08

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Marketcap data shows that the market value of silver has once again surpassed Bitcoin, becoming the eighth largest asset in global market value. CoinGecko data shows that since Bitcoin reached its historical high of $73,737 on March 14th, silver has risen by 33.4%, while Bitcoin has fallen by 9.5%. The current market value of silver is $1.828 trillion, about $500 billion higher than Bitcoin's which stands at $1.322 trillion and ranks as the ninth largest asset in global market value. This means that for Bitcoin to surpass the current market value of silver (assuming other factors remain unchanged), it needs to rise by 40% to reach $93,000 per coin. According to Trading Economics data, gold also performed well with a rise of 22.4% since February 13th and currently holds a market cap of $16.392 trillion.

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