After the price of #bitcoin☀️ exceeded $92,000, the market capitalization of the asset increased to $1.83 trillion. This is more than the capitalization of Saudi Arabia's oil giant Saudi Aramco, which is now estimated at $1.79 trillion.
If bitcoin continues to grow further, then its market capitalization could reach $2.2 trillion, like Alphabet's.
After Donald Trump's victory in the US presidential election, the flagship cryptocurrency has already surpassed the value of such large companies as Berkshire Hathaway, Tesla and Meta Platforms. Earlier this week, bitcoin overtook silver in terms of market capitalization. Now the precious metal is in ninth place with an indicator of $ 1.73 trillion.
$BTC
continues to strengthen its status as a leading cryptocurrency thanks to an impressive 25% growth in just a week. And, according to analysts, the rally will continue. Experts expect the asset to rise in price to $100,000 this year. This is also believed by users of the Polymarket DeFi forecasting platform, who estimate this probability at 62%.
There is an increased demand in the Bitcoin ETF spot market. On Monday, the cumulative daily inflow of funds into exchange-traded funds based on #BTC☀ reached $1.1 billion. On the next trading day, the ETF received $817.5 million.