Bitcoin briefly became the eighth-largest asset in the world after temporarily surpassing the market cap of silver.
Bitcoin’s market capitalization reached a new all-time high of $1.35 trillion on March 5.
Bitcoin price rose 3.35% in the 24 hours leading up to 12:55 pm UTC to trade at $67,322. The world’s first cryptocurrency is up over 17% on the weekly chart, according to CoinMarketCap data.
Following the new high, Bitcoin briefly became the eighth-largest asset in the world after its market capitalization briefly overtook the $1.347 trillion market capitalization of silver, the second-largest precious metal in the world, according to CompaniesMarketCap data.
