tldr; Bitcoin has reached a new all-time high (ATH) of $88,440, surpassing silver's market capitalization of $1.729 trillion with its own market cap of $1.74 trillion. This surge is attributed to rising institutional demand, increased Bitcoin ETF inflows, a U.S. Federal Reserve rate cut, and Donald Trump's presidential victory. Despite this achievement, Bitcoin's market cap remains significantly lower than gold's $17.594 trillion. Analysts warn of potential resistance due to elevated funding rates and market euphoria, while key macroeconomic events could influence future price movements.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
https://www.reddit.com/r/CryptoCurrency/comments/1gp4nfk/bitcoin_overtakes_silver_in_market_cap/
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