Although the leading cryptocurrency Bitcoin reached a new ATH in March, it has not been able to demonstrate an impressive performance since April.
However, Silver made an impressive comeback against Bitcoin, surpassing BTC in terms of market cap.
According to data from Companies Marketcap, the market value of silver has once again surpassed Bitcoin to become the eighth largest asset globally.
Silver, the world's second most valuable metal, has gained 33.4% since Bitcoin reached its ATH of $73,737 on March 14, while Bitcoin has fallen 9.5%.
According to data, the current market value of Silver has reached $1.82 trillion, making it approximately $500 billion more than Bitcoin, which has a market value of $1.31 trillion.
Analysts interpreting this data said that the data means that Bitcoin must rise 40% to $93,000 to surpass the current market value of silver.
Bitcoin currently remains the world's ninth largest asset after gold, Microsoft, Apple, Nvidia, Google, Saudi Aramco, Amazon and silver, trading at $66,845.
*This is not investment advice.
