As the current Bitcoin rally continues, the asset’s market capitalization is also gaining momentum in a bid to catch up with leading traditional assets like gold.
With a market cap of $1.07 trillion, Bitcoin now accounts for 9.85% of Gold’s $10.9 trillion. The cryptocurrency’s market cap alongside its value surged from 2020 Q4, with the asset hitting an all-time high of $57,800 on March 12, 2021.
The digital currency’s market capitalization also represents about 53.08% of Apple’s $2.07 trillion. Elsewhere, Silver has a market cap of $1.42 trillion, Bitcoin accounting for 76.09%.