Bitcoin surpasses Saudi Aramco as the 7th largest asset, with a market cap of $1.81T, driven by institutional and regulatory boosts.
Bitcoin’s dominance grows to nearly 60% as trading volumes soar, reflecting strong market confidence amid rising institutional interest.
Analysts predict Bitcoin will finish 2024 strong, with December prices forecasted to average $99,696.59, fueled by favorable market trends.
Bitcoin has surged past oil giant Saudi Aramco to become the world’s 7th largest asset by market capitalization, as reported by WatcherGuru.
This achievement follows Bitcoin’s earlier overtaking of silver and Meta’s market caps, highlighting its rise in the global asset rankings. Bitcoin’s market cap is now $1.81 trillion, slightly higher than Saudi Aramco’s $1.79 trillion valuation. Bitcoin now trails only behind tech giants such as Nvidia, Apple, Microsoft, Amazon, and Alphabet.
Experts attribute Bitcoin’s growth largely to increasing institutional interest in cryptocurrency and a notable shift in U.S. regulatory sentiment. With the 2024 U.S. presidential election approaching, expectations are growing that Bitcoin will gain further momentum …
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