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Bitcoin, which leaves gold behind with corporate interest, has ignited a ray of hope for altcoins! - Coin Bulletin
Bitcoin, surpassing gold in terms of market value, has opened the doors to a new era in the cryptocurrency market.
Bitcoin has reached a significant milestone by surpassing gold in terms of market value. According to Galaxy Research data, Bitcoin's market value currently accounts for 14% of the market value of gold.
This development comes as Bitcoin ETFs' assets under management increased to $129 billion. Gold ETFs, on the other hand, remained at $128 billion.
Bitcoin, surpassing 2 trillion dollars, ranked 7th in terms of market value worldwide. This pushed Bitcoin ahead of assets such as Saudi Aramco and silver. However, gold still holds the leading position with a market value of 17 trillion dollars.
The cryptocurrency market reached a total of 3.72 trillion dollars, with Bitcoin holding a 54.5% dominance. Ethereum, on the other hand, has a 12% share.
On the other hand, FED Chairman Jerome Powell's hawkish remarks caused concern in the crypto markets. Powell stated that he reduced the number of interest rate cuts in 2025 from four to two.
This situation has caused a rapid selling wave in the market. Nevertheless, analysts noted that such fluctuations are common in the cryptocurrency markets.
Among the main factors supporting the growth of Bitcoin are crypto-friendly policies in Washington, increased institutional investment, and greater adoption of Bitcoin. Experts have optimistic predictions about the future of Bitcoin.