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Bitcoin hit a $67,500 high Monday, and is rapidly approaching silver’s nearly $1.4 trillion market capitalization.
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Ether topped $3,600 for the first time since January 2022 amid strong institutional demand.
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BlackRock’s bitcoin ETF saw another busy trading day, recording over $2 billion in volume before market close.
Bitcoin (BTC) continued to knock off $1,000 milestones Monday, surging past $67,000 and nearing not just its own record high of $69,000, but the nearly $1.4 trillion market capitalization of silver.
The largest and oldest crypto asset broke out from its week-long sideways consolidation capped below the $64,000 level, hitting $67,500 during the U.S. trading session, up 7% over the past 24 hours and outperforming the broad-market CoinDesk 20 Index’s (CD20) 5% advance.
With this year’s meteoric rise, BTC is rapidly becoming one of the largest global assets, and at current levels has surpassed the $1.3 trillion market capitalization threshold. It is now closing in on silver’s market cap of $1.4 trillion, according to data compiled by CompaniesMarketCap after earlier in this bull run toppling that of Facebook parent company Meta Platforms (META).
www.coindesk.com/markets/2024/03/04/bitcoin-tops-67k-nearing-silvers-138t-market-cap/