Bitcoin Outpaces Silver in Market Valuation
Recent data reveals Bitcoin's market capitalization has soared to **$1.751 trillion USD**, eclipsing silver's $1.734 trillion USD, securing the eighth position among global assets. Often dubbed "digital gold," Bitcoin's valuation now stands at approximately one-tenth of gold's market cap.
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Key Developments in Crypto
1. BlackRock’s Bitcoin ETF Sets Record with $4.5B Daily Trading Volume
Bloomberg analyst Eric Balchunas reported that BlackRock’s spot Bitcoin ETF achieved a historic $4.5 billion USD** in daily trading volume as BTC surpassed $88,000. Post-election momentum fueled inflows, with over $1.1 billion USD** netted last week.
2. Trump Administration Eyes Pro-Crypto Candidates for Financial Roles
Discussions include appointing crypto-friendly leaders to agencies like the SEC. Potential candidates:
- Daniel Gallagher (ex-SEC official, now at Robinhood)
- Hester Peirce and Mark Uyeda (current SEC commissioners)
3. QCP: 1% Gold-to-BTC Flow Could Boost Price to $97,000
QCP Capital’s analysis suggests that a 1% shift from gold’s $17.5 trillion market into Bitcoin may propel BTC to **$97,000 USD. Strong demand for 110K–120K call options** signals bullish leverage activity.
4. Ethereum Proposes "Beam Chain" Upgrade for Scalability
Ethereum researcher Justin Drake introduced Beam Chain ("Ethereum 3.0"), aiming for:
- Faster block times
- Lower staking requirements
- Quantum-resistant upgrades
Target timeline: 2025–2027 for full deployment.
FAQs
Q: How does Bitcoin’s market cap compare to traditional assets?
A: Bitcoin ($1.751T) now exceeds silver ($1.734T) but remains far below gold ($17.5T).
Q: What drove BlackRock’s ETF trading volume surge?
A: BTC’s price breakout and post-election optimism triggered record inflows.
Q: Could Ethereum’s Beam Chain eliminate gas fees?
A: Potentially—via zkEVM integration, enabling near-infinite L1 scalability.
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