Once again, Bitcoin achieves a phenomenal feat. The flagship crypto surpasses silver in terms of market capitalization. What are the factors that have enabled this meteoric rise? What are the next prospects for the Bitcoin crypto?

Bitcoin achieves incredible performance

The price of Bitcoin has crossed the $71,000 mark Earlier in the day. It means that :

• its price has increased by more than 60% since the start of the year;
• its total market capitalization soared to over $1.4 trillion for the first time ever.

Thanks to this remarkable performance, Bitcoin rises to the 8^e place in the ranking of the most important financial assets in the world.

One of the main drivers of the rise of Bitcoin: the success of spot ETFs. The asset has attracted billions of dollars in capital since its approval in January.

Promising predictions

According to data from CompaniesMarketCapBitcoin just passed the money which had a market capitalization of $1.3 trillion. The flagship crypto, however, remains behind Alphabet, with a market capitalization of $1.6 trillion. And unsurprisingly, gold is the asset with the largest market capitalization in the world (with a size of $14.66 trillion).

YES ! Bitcoin still has a way to go to catch up with the stock market giants. But it is not impossible that he will succeed. According to analyses, the queen of crypto currencies could surpass Google and Amazon if its value exceeded $85,000 and $94,000 respectively.

These numbers seem a bit far-fetched at the moment. But remember that Bitcoin has gained more than 60% of its value since the start of 2024 and 40% over the last two weeks.

Bitcoin is more than ever in top form. Some predictions suggest that the queen of cryptocurrencies is on her way to new records. True or false ? We will know soon!