Bitcoin's impressive performance has outshined all other asset classes, surging 115% this year to reach a market capitalization of $1.8 trillion. This positions it above silver and at roughly a tenth of gold's market value. Smaller nations like El Salvador and Bhutan, which strategically invested in Bitcoin, are now reaping significant profits from the recent crypto rally.
The original cryptocurrency dropped as much as 5% to $92,600 on Friday morning in New York after setting an all-time high just above $108,000 earlier in the week. The downturn weighed heavier on smaller tokens ranging from Ether to Dogecoin, and came as equities in Asia and Europe also traded lower.
Bitcoin Takes a Hit: What’s