BTC $65,913.96 +0.04%
ETH $1,917.14 -0.99%
BNB $568.58 -1.31%
XRP $1.12 -0.28%
SOL $77.20 -1.74%
TRX $0.3287 +0.72%
DOGE $0.0723 -0.99%
ADA $0.1708 -3.09%
BCH $221.03 -1.20%
LINK $8.61 -1.04%
HYPE $58.37 -7.56%
AAVE $95.61 +2.49%
SUI $0.7561 -2.50%
XLM $0.1884 -1.08%
ZEC $517.74 -6.31%
BTC $65,913.96 +0.04%
ETH $1,917.14 -0.99%
BNB $568.58 -1.31%
XRP $1.12 -0.28%
SOL $77.20 -1.74%
TRX $0.3287 +0.72%
DOGE $0.0723 -0.99%
ADA $0.1708 -3.09%
BCH $221.03 -1.20%
LINK $8.61 -1.04%
HYPE $58.37 -7.56%
AAVE $95.61 +2.49%
SUI $0.7561 -2.50%
XLM $0.1884 -1.08%
ZEC $517.74 -6.31%

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

2024-05-20 13:32:42
Collection

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).

app_icon
ChainCatcher Building the Web3 world with innovations.