đ¨ Crypto News: $BTC just flipped silver on the crypto leaderboard! đ With institutional money pouring in, Bitcoinâs market cap surged to an insane $1.851 trillion, surpassing silverâs $1.762 trillion. And if that wasnât enough, $BTC hit a new all-time high of $94,040, cementing its spot as the 7th largest traded asset in the world.
Remember those record highs from earlier this week at $93,318? Yeah, that only took 9 days to reach, marking the largest price jump since 2021. đ
The analysts at Bitfinex are saying that the sheer volume of capital flowing into Bitcoin is unlike anything weâve seen before, calling it possibly one of the largest inflows into any asset in history. If thatâs not a flex, I donât know what is!
On top of this, ETFs are piling up the cash. As of Nov 17, US-traded #Bitcoin ETFs are holding a whopping $84 billion in assets, hot on the heels of Gold ETFs. Analysts predict we might see Bitcoin ETFs *flipping* their gold counterparts within two months. Meanwhile, BlackRockâs Bitcoin ETF has already outperformed their iShares Gold ETF â in under 10 months. Talk about speed.
