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BTC $65,891.92 -1.79%
ETH $1,824.71 -4.39%
BNB $626.87 -4.91%
XRP $1.21 -0.51%
SOL $72.48 -4.43%
TRX $0.3343 -0.54%
DOGE $0.0924 -1.82%
ADA $0.2073 -3.69%
BCH $249.33 -11.16%
LINK $8.30 -2.52%
HYPE $73.91 +5.22%
AAVE $75.36 -0.30%
SUI $0.8235 +0.19%
XLM $0.2169 -0.14%
ZEC $610.54 +2.39%

The price of Bitcoin needs to reach $93,000 for its market value to surpass that of silver

2024-05-20 13:32:42
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ChainCatcher news, according to Cointelegraph, since Bitcoin reached its all-time high of $73,737 on March 14, silver has increased by 33.4%, while Bitcoin has decreased by 9.5%.

Silver currently has a market capitalization of $1.828 trillion, which is about $500 billion higher than Bitcoin, whose current market capitalization is $1.322 trillion, making it the ninth largest asset by market cap globally. This means Bitcoin would need to rise by 40% to reach $93,000 in order to surpass silver's current market capitalization (assuming other factors remain constant).

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