- Bitcoin surpasses silver, now ranks sixth globally with $1.856 trillion market cap
- Crypto gains traction as Bitcoin rises amid traditional market uncertainty and dips
- Top assets like gold and tech giants show mixed short-term trends despite dominance
Bitcoin has made a historic leap, overtaking silver to claim the sixth spot in global market capitalization rankings. The leading cryptocurrency now holds a valuation of $1.856 trillion, backed by a price of $93,493. This surge not only reflects Bitcoin’s growing relevance but also underscores its growing acceptance as a mainstream asset.
Significantly, the crypto asset rose by 5.78% in the last 24 hours and 12.15% over the past week. These gains come during a period where traditional markets show mixed performance, further highlighting Bitcoin’s growing appeal as a non-correlated asset.
Over 18,000 global assets are ranked by market cap according to 8Marketcap, with a combined valuation of $147.9 trillion. While the market has dipped slightly by 0.97% today, a 0.52% rise over the last seven days suggests moderate overall growth. Despite short-term volatility, the upward momentum in key digital assets like Bitcoin is drawing the attention of investors seeking diversification.
Traditional Giants Hold the Top Spots
Gold remains the world’s most valuable asset, with a market cap of $22.37 trillion and a price of $3,331. However, it has seen a short-term dip, losing 2.58% in the past 24 hours and 1.03% over the week. Despite this, its 30-day trend still points upward, showing continued investor confidence in its long-term value.
Following gold, Apple holds second place with a market cap of $3 trillion and a share price of $199.74. The tech giant gained 3.41% in the past day and 2.82% over the last week. Microsoft comes in third with a valuation of $2.726 trillion. It rose 2.14% in 24 hours but declined 1.29% for the week.
NVIDIA, currently ranked fourth, has seen mixed signals. Its market cap stands at $2.412 trillion, and its stock trades at $98.89. It gained 2.04% in 24 hours but dropped 5.36% over seven days. Alphabet rounds out the top five with $1.859 trillion in market cap. It gained 2.70% today but fell 1.03% for the week.
