Bitcoin market value exceeds $1.3 trillion! Returned to the 9th largest asset in the world, approaching silver

With Bitcoin’s continued rising momentum, it continues to set new highs in currency prices this year. According to data from CoinGecko, the highest price of Bitcoin in the past 24 hours reached $68,555.68, which is only 0.6% lower than the historical high price of $69,000. In addition, Bitcoin’s market share among all cryptocurrencies is gradually approaching a high of 55%.

Bitcoin regains its position as the ninth largest asset in the world

As the price of Bitcoin continues to rise, according to 8marketcap data, the current market value of BTC has now reached US$1.347 trillion, once again surpassing Bitcoin. Koberg's Meta, Buffett's Berkshire Hathaway and Tesla have jumped to the ninth largest global asset market value. The next goal is silver, which has been the second largest commodity market value for many years. The gap between the two is less than 1 billion US dollars. .

BlackRock IBIT Surpasses the Largest Silver ETF

It is worth mentioning that according to the latest statistics from HODL15 Capital, the Bitcoin spot ETF has the highest price in commodities. Rankings in the ETF market are rising rapidly. As of now, BlackRock IBIT, Fidelity FBTC, ARK 21Shares ARKB and Bitwise BITB rank third, fifth, ninth and 11th respectively in the commodity ETF rankings.

In this ranking, BlackRock IBIT’s performance is particularly eye-catching. The fund’s assets under management have surpassed the largest silver ETF, SLV, and currently stand at $10.3 billion. The achievement is emblematic of Bitcoin’s growing role in traditional commodity markets, which is gradually challenging the long-standing dominance of silver and gold.

Bitcoin open interest reaches a new high

According to CoinGlass data, the current open interest in Bitcoin futures on exchanges has reached $30.61 billion. , once again hitting a record high. We are reminded that this means that Bitcoin may fluctuate significantly in the near future, so investors are advised to be cautious.

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