Bitcoin Surpasses Silver: New All-Time High Reached

Bitcoin's Remarkable Ascent: Flipping Silver and Setting New Records

The cryptocurrency landscape is witnessing a seismic shift as Bitcoin has officially flipped silver's market capitalization, soaring past the $71,000 mark and achieving an unprecedented all-time high. This milestone, a testament to Bitcoin's growing dominance and recognition as "digital gold," underscores its evolving role within the financial ecosystem.

A New High

On Friday afternoon, Bitcoin broke the \(70,000 barrier for the first time. As of early Monday morning, the price surged to \)71,239.37, marking a:

• 2.7% increase since yesterday
• 11.4% gain since the same time last week

The price variations across different exchanges also highlight the dynamic nature of Bitcoin's valuation. At approximately 9:20 Central European Time, the following prices were noted:

• Coinbase: $71,700
• CoinGecko: $71,560
• CoinMarketCap: $71,607

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Historic Context

Just three months ago, Bitcoin's momentum began to build, fueled by anticipation surrounding the approval of spot Bitcoin ETFs. This enthusiasm propelled Bitcoin to surpass several significant entities, including:

• Tesla
• Meta Platforms (parent company of Facebook, Instagram, and WhatsApp)
• Berkshire Hathaway (led by Warren Buffett)

Bitcoin's market capitalization now stands at an impressive $1.4 trillion, making it the eighth-largest asset in the world, still trailing behind giants such as:

• Gold: $14.7 trillion
• Microsoft
• Apple
• Nvidia
• Saudi Aramco
• Amazon
• Alphabet (Google's parent company)

The Driving Force Behind the Rally

One of the primary catalysts driving this bullish price rally is the impending Bitcoin halving, projected to occur in approximately 35 days, on April 15. The halving process, which has been a recurring event since Bitcoin's inception, cuts the mining reward from 6.25 BTC to 3.125 BTC, significantly impacting supply dynamics.

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Ethereum's Resurgence

Meanwhile, Ethereum has also made headlines, reclaiming the \(4,000 mark for the first time since 2021. As of the latest updates, Ethereum's price stands at **\)3,992.13**, reflecting:

• 1.3% increase since yesterday
• 13.6% gain over the past week

With a market capitalization of $480 billion, Ethereum is rapidly approaching Walmart's valuation of $484 billion and has surpassed the SPDR S&P 500 ETF Trust.

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Bitcoin's journey continues to redefine the financial landscape, captivating investors and enthusiasts alike. As it sets new benchmarks, the cryptocurrency's future remains a focal point of discussion, intrigue, and, undoubtedly, investment. The evolving narrative of Bitcoin as digital gold signals a profound transformation, one that could reshape our understanding of value in the modern economy.

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