When it comes to Crypto, we often think about Bitcoin first. Many people across the world use both these terms as a synonymous term. Because this coin is so popular, we tend to think it is equal to the entire market. In addition, you may improve your trading skills by using a reputable trading platform like https://bitcoinscircuit.com/

In recent times, BTC has been able to even cross Visa to become one of the top assets in the world. As per recent data, Bitcoin is now about 10 billion USD more than Visa’s market cap in terms of market cap. If you are interested to learn more about Bitcoin, make sure to read this blog. 

What’s The Value Of This Coin At Present? 

If you have a look at BTC’s per unit value, it has declined to about 26,000 USD. But despite this fact, the total market value is high by a percentage of 9.6%, since the first week of April. 

But the fluctuations in its price are constant, and there is still some decline in its price, which is by about 6.5%. 

Despite all these, Bitcoin has a strong grip over its position in the world market. Among many Cryptos, companies, and other funds whose aggregate values are around 82 trillion USD, BTC is in 12th position. 

Comparison With Other Assets Around The World

The Crypto industry is showing better performance at present than the previous year. The major one is Bitcoin, which is having surprising growth this month. The soaring price is after the crash of three prominent banks in the US. 

After the collapse of these banks, it is believed that BTC has been facing high growth. Though there was a 6.5% fall in this coin against USD. But if you notice the weekly metrics, you can observe that it is high by 9.6% per week. 

The drastic rise in this asset’s price was noticed on 14 March as it rose to 26,533 USD. This was noticed at 9 am on that particular day. Again on 15th March, BTC was again trading at a lower rate of 24,357 USD. 

Rise In Valuation Of Bitcoin

Though Bitcoin’s value was falling against USD, it has managed to regain its dominant position. With this, BTC has been able to gain the 12th position in terms of market cap. 

In this case, Bitcoin has exceeded the market cap of the giant platform Visa. On the following Wednesday, the market cap of Bitcoin was about 469.60 billion USD. This amount of market cap is 18.31 billion USD more than Visa. 

But still, the market cap of this asset is lower than Meta, the social media giant. The market cap of Meta is about 499.66 billion USD. Now, if the asset has to increase by over 30 million USD to cross Meta. 

Top Assets In Terms Of Market Cap

If you have a view over the market cap of different assets, some of the top assets are centered around some top assets. These are Gold, Apple, Amazon, silver, Tesla, and others. 

All these assets make a total value of about 12.81 trillion USD. Among this, BTC captures around 42.7% of this total market capitalization. 

How Much Is BTC Away From Gold And Silver? 

Bitcoin is yet to go a long way to achieve an equal market cap as that gold. It needs to rise to about 12.34 trillion USD to surpass gold. But, BTC is quite close to silver and may exceed its market cap soon. 

The market cap of BTC is around 37.7% of silver’s market cap. By increasing about 775.4 billion USD, Bitcoin can soon reach Silver’s market cap. And the chances are higher that this coin will replace Silver’s position. 

Conclusion

Bitcoin is achieving great heights and soon may achieve its position in the top ten market caps. The recent increase in its valuation proves that it has great potential. 

Bitcoin is the prominent coin that has been holding its dominant position in the market. And it will continue to grow and develop in this position in the coming times. 

To learn more about this market and start trading, join Bitcoin Smart and start your trading journey today.