Bitcoin Soars to Record High, Equalling Silver’s Global Market Cap

March 6th, 2024
Bitcoin surges to a record $69,000, equating its market cap with the global supply of silver at $1.35 trillion. This achievement follows the launch of U.S. Bitcoin spot ETFs, enhancing its appeal to institutional investors. The cryptocurrency's rally, accentuated by a significant $536 million in liquidations, signifies a departure from the norm where new highs were typically post-halving events.
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