Bitcoin's market cap was leading silver's six months ago, but is now only 28% of the latter
BlockBeats News, January 26th, with today's silver spot price breaking through $110 per ounce, the total market value of this commodity has reached $6.149 trillion, a year-on-year increase of 257%, jumping to the 2nd place among global mainstream assets. At the same time, Bitcoin fell by 14%, with a market value now at $1.754 trillion, making the silver market value 3.5 times that of Bitcoin.
It is worth noting that half a year ago, the market value of Bitcoin was ahead of silver. On September 1st last year, during a downturn, Bitcoin was surpassed by silver, with Bitcoin's market value at that time at around $2.183 trillion.
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