In a remarkable turn of events, the market valuation of Bitcoin has officially surpassed that of silver in the global ranking of the most valuable assets.

Today, Bitcoin reached a new all-time high of $89,956.  At press time, Bitcoin is exhibiting strong momentum to break into the $90K range for the first time. As a result, Bitcoin now boasts an impressive market cap of over $1.77 trillion. Its fully diluted market cap is even more substantial, standing at $1.88 trillion.

This milestone comes as Bitcoin continues its upward trend, which gained significant momentum last week following Donald Trump’s election as president of the United States.

Trump’s victory had a pivotal impact on the crypto market, driven by several promises he made to support and expand the industry under his administration.

Since then, Bitcoin has been setting new all-time highs almost every day, with the current streak lasting for eight consecutive days. As a result, Bitcoin has surpassed silver and become the eighth most prominent asset in the world.

Just two weeks ago, Bitcoin was in tenth place, behind Meta (formerly Facebook), with a market cap of $1.472 trillion. However, Bitcoin has added over $300 billion to its valuation, enabling it to overtake silver and Meta.

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