Bitcoin Surpasses Silver in Valuation as Crypto Market Cap Reaches $2.5 Trillion
MicroStrategy's latest Bitcoin acquisition and significant inflows into spot Bitcoin ETFs underscore the growing institutional interest in cryptocurrencies.
- Bitcoin's valuation surpasses that of silver, reaching $1.42 trillion and becoming the world's eighth most valuable asset.
- MicroStrategy increases its Bitcoin holdings by 12,000 BTC, now owning a total of 205,000 BTC valued at approximately $14.7 billion.
- The global cryptocurrency market cap hits $2.5 trillion, with Bitcoin, Ethereum, and Dogecoin leading the surge.
- Analysts predict Bitcoin could reach $150,000 by May, driven by institutional inflows and the upcoming halving event.
- Spot Bitcoin ETFs in the U.S. see significant inflows, with BlackRock's IBIT crossing $10 billion in just two months.
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