Silver Takes Over Bitcoin in Market Cap

A significant shift in the cryptocurrency landscape has occurred as silver’s market capitalization surpasses that of Bitcoin. This dramatic turn marks the moment silver surpassed its digital counterpart in terms of total market value, reaching $2.27 trillion versus Bitcoin’s $2.18 trillion. The silver surge is driven by a recent price surge, joining gold, which itself experienced an impressive 3% rise. This momentum was furthered by Saudi Arabia’s recent investment in silver-backed exchange traded funds (ETFs). Meanwhile, Bitcoin remains under pressure, struggling to regain its bullish trajectory after reaching an all-time high of $124,128 earlier this month. The cryptocurrency is currently trading below the crucial $109,000 level. 💰