$BTC Becomes the World's 7th largest Asset
As the Bitcoin price surge ri $98,452.-, Bitcoin become the world's 7th Largest Asset.
Following World Top Asset By Market Cap:
1. Gold $18.253T
2. NVIDIA $3.476T
3. APPLE $3.474T
4. Microsoft $3.1T
5. Amazon $2.072T
6. Alphabet (Google) $2.028T
7. Bitcoin $1.947T
This market movement was largely driven by institutional buying and continued cash inflows into Bitcoin ETFs. In addition, optimism over Trump's victory, known for his pro-crypto stance, also supports the belief that more pro-digital asset regulation is imminent.
The Securities and Exchange Commission (SEC) announced the departure of its chairman, Gary Gensler, who will leave the agency at noon on January 20, 2025. Gensler, who began his term on April 17, 2021, has led the SEC during a significant period of rulemaking and enforcement designed to improve the efficiency, resilience, and integrity of U.S. capital markets also drive the market. Thus encouraging the market to be optimistic about the crypto market in the future.
