According to BlockBeats, following the recent surge in Bitcoin's price, which broke through the $71,000 mark, the cryptocurrency's market capitalization has risen to $1.398 trillion. This increase has allowed Bitcoin to surpass silver's market cap of $1.379 trillion, making it the eighth largest asset in the world.
The rapid growth of Bitcoin's market cap highlights the increasing acceptance and adoption of the digital currency by both retail and institutional investors. As more people invest in Bitcoin, its value continues to rise, solidifying its position as a major global asset.
This milestone comes as Bitcoin continues to gain mainstream recognition and acceptance, with major companies such as Tesla and MicroStrategy investing in the cryptocurrency. As the market cap of Bitcoin grows, it is likely to attract even more attention from investors and further solidify its position in the global financial landscape.
