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SOL $106.14 +1.50%
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BCH $285.93 +2.57%
LINK $12.36 +3.57%
HYPE $81.45 +3.20%
AAVE $155.46 +4.21%
SUI $1.02 +3.71%
XLM $0.1825 +3.45%
ZEC $1,265.05 +11.05%
AAPL $338.30 -1.56%
AMZN $263.97 -0.54%
GOOGL $341.83 -1.00%
MSFT $529.15 -1.11%
META $699.20 -1.23%
NVDA $220.96 +1.55%
TSLA $380.50 +3.48%
SNDK $1,416.11 +3.75%
INTC $95.27 +3.57%
SPCX $161.79 +9.01%
MU $927.09 +3.10%
AMD $552.01 +2.90%

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

2024-05-20 13:32:42

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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