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ETH $2,145.19 -2.32%
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SOL $81.67 -4.53%
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LINK $8.64 -2.97%
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AAVE $122.61 -3.42%
SUI $0.9608 -2.45%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%
BTC $70,124.28 -1.38%
ETH $2,145.19 -2.32%
BNB $640.10 -1.76%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $457.98 +0.41%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9608 -2.45%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

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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