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Bitcoin’s price out values 1kg of gold as its market cap exceeds silver Bitcoin’s price out values 1kg of gold as its market cap exceeds silver

Bitcoin’s price out values 1kg of gold as its market cap exceeds silver

Optimism surrounding Trump's second tenure is helping to propel Bitcoin's current price appreciation.

Bitcoin’s record-breaking price streak to nearly $90,000 has positioned the top crypto asset ahead of silver and gold in key market metrics.

Data tracked by TradingView showed that gold is on a downward slope. The price of one kilogram of gold dropped to $83,439 as spot gold declined by 1.8% to $2,636 per ounce as of press time. This fall marks the steepest time for the precious metal since early May.

Gold Price
1 KG of Gold Price (Source: Tradingview)

In stark contrast, Bitcoin has surged by nearly 27% over the past week to a new all-time high of $89,956, boosted by optimism around Donald Trump’s ascension to the White House. Unsurprisingly, Bitcoin’s rapid climb has pushed its market capitalization past silver’s, a notable achievement for an asset often called “digital gold.”

Now valued at approximately $1.73 trillion, Bitcoin is the world’s eighth-largest asset, edging silver with a $1.71 trillion market cap. Meanwhile, gold remains the leading global asset, with a commanding market cap of $17.4 trillion.

Bitcoin Gold Silver
Top 9 Assets (Source; CompaniesMarketCap)