Bitcoin Surpasses Saudi Aramco to Become Seventh Largest Asset on the Planet
Bitcoin has climbed to become the world's seventh largest asset, overtaking Saudi Aramco. Its dominance in the market has reached a new high of 61.38%. In the past six trading days, U.S. spot-listed ETFs have seen a net inflow of over $4.7 billion. The rise in stablecoin liquidity and Bitcoin transactions has led to the formation of "Uptober", but Ether ETFs have seen their biggest outflows since July. The ETH/BTC ratio has also dropped to its lowest point since April 2021, leading to questions about whether Bitcoin's bullish momentum is waning.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Court prolongs Tornado Cash developer Pertsev’s pre-trial detention
Major Cryptocurrency Platform to Airdrop Tokens Gets French Crackdown – What Happens Now?
This is the first regulatory sanction for the platform, which has become especially popular after the US Presidential Elections.
Date Revealed for New Cryptocurrency Laws Reform in the UK
The UK is set to introduce some radical changes to crypto and stablecoin regulation in the new year.
Donald Trump’s Pick for US Treasury Secretary is Announced – Here Are His Cryptocurrency Views
US President-elect Donald Trump's choice for Treasury Secretary has finally been announced.
Trending news
MoreCrypto prices
More
