Bitcoin’s price out values 1kg of gold as its market cap exceeds silver

Share This Post

Bitcoin’s record-breaking price streak to nearly $90,000 has positioned the top crypto asset ahead of silver and gold in key market metrics.

Data tracked by TradingView showed that gold is on a downward slope. The price of one kilogram of gold dropped to $83,439 as spot gold declined by 1.8% to $2,636 per ounce as of press time. This fall marks the steepest time for the precious metal since early May.

Gold Price
1 KG of Gold Price (Source: Tradingview)

In stark contrast, Bitcoin has surged by nearly 27% over the past week to a new all-time high of $89,956, boosted by optimism around Donald Trump’s ascension to the White House. Unsurprisingly, Bitcoin’s rapid climb has pushed its market capitalization past silver’s, a notable achievement for an asset often called “digital gold.”

Now valued at approximately $1.73 trillion, Bitcoin is the world’s eighth-largest asset, edging silver with a $1.71 trillion market cap. Meanwhile, gold remains the leading global asset, with a commanding market cap of $17.4 trillion.

Bitcoin Gold Silver
Top 9 Assets (Source; CompaniesMarketCap)

The post Bitcoin’s price out values 1kg of gold as its market cap exceeds silver appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Crypto Markets Stumble in Lockstep With Wall Street as $2.7T Ecosystem Shudders

Bitcoin and global cryptocurrency markets retreated in tandem with US equity benchmarks on Tuesday, as bearish sentiment gripped financial markets The digital asset ecosystem contracted by 189% over

Internet Computer Price Prediction 2025, 2026 – 2030: Will ICP Price Hit $20?

The post Internet Computer Price Prediction 2025, 2026 – 2030: Will ICP Price Hit $20 appeared first on Coinpedia Fintech News Story Highlights The live price of the ICP crypto is Internet

BNB Price Finds Footing After Clearing $605 Resistance Toward Higher Targets

BNB has once again demonstrated its resilience and strength by breaking through the crucial $605 resistance level This milestone, achieved after weeks of testing and consolidation, has sparked

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

The post Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1 appeared first on Coinpedia Fintech News Story Highlights The price of Dogecoin today is Dogecoin price may reach a

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

The post Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2 appeared first on Coinpedia Fintech News Story Highlights The live price of the Cardano token is ADA coin price could

Dubai offers tokenization sandbox to boost digital finance leadership

The Dubai Financial Services Authority (DFSA) has invited firms to express interest in joining its Tokenization Regulatory Sandbox before April 24, 2025 In a March 17 announcement, the DFSA—an