Silver is still more valuable than bitcoin, for now.
BTC broke a new record boosted by Donald Trump’s election victory.
Bitcoin (BTC) reached a new milestone in the financial world by surpassing Meta, formerly known as Facebook, becoming the ninth most valuable financial asset on the planet.
This rise materialized with a market capitalization of $1.472 trillion for bitcoin, leaving Meta with a market capitalization of $1.430 trillion, according to the data by CompaniesMarketCap.
This achievement came after a 7% increase in the price of bitcoin, bringing it to a new all-time high of $75,300.
Despite this victory, bitcoin still has a long way to go. To become the most valuable asset in the world, it needs to surpass other giants such as Saudi Aramco, Alphabet (Google), Amazon, Microsoft, Apple, Nvidia and, of course, gold, whose current market value is $17.984 trillion. .
Immediately above bitcoin on the list of most valued assets is silver, with a capitalization of 1,760 billion dollarsdemonstrating that although bitcoin has come a long way, there are still precious metals that maintain a higher value in the global market.
Bitcoin’s overtaking of Meta occurred in a context of strong electoral momentum. Donald Trump’s victory in the United States presidential elections positively influenced the cryptocurrency market.
Bitcoin is now moving into uncharted territory. As CriptoNoticias reported, there are no clear resistance or support zones established at these new price levels, meaning their behavior can be even more unpredictable. This new scenario becomes a challenge for investors and analysts, since there is no historical price pattern to cling to.
Bitcoin’s market capitalization, reaching its current position, not only reflects its dollar value but also global confidence and interest in the emerging technology and cryptocurrencies in general. This rise also underscores the growing acceptance of bitcoin as a legitimate asset class.
With this new status, bitcoin has not only surpassed one of the largest technology companies in the world, but also has cemented its place in the global economyalthough the road to being the most valuable asset is still long.
