The ranking of the world's most valuable assets has changed: Bitcoin has surpassed silver.

Bitcoin, with a market value of $1.7 trillion, has surpassed silver to become the world's eighth largest asset. With the hope of Donald Trump's election victory and positive government policies towards cryptocurrencies, Bitcoin has seen a 10.59% increase in the last 24 hours, reaching a significant financial turning point.

BITCOIN IS APPROACHING ITS PEAK

The leading cryptocurrency Bitcoin has achieved a new milestone with its extraordinary performance. Reaching a market value of $1.752 trillion, Bitcoin has surpassed silver to rise to the position of the world's most valuable eighth asset.

Sustaining its recent upward trend, Bitcoin's value has reached $89,864.13 with a 10.59% increase in the last 24 hours. Among the key factors behind this remarkable rise are Donald Trump's victory in the U.S. presidential race and positive approaches to cryptocurrency regulations.

This impressive rise of Bitcoin has allowed it to surpass not only silver, which has a market value of $1.726 trillion, but also leading companies in the tech world. Bitcoin has drawn attention from investors by exceeding the market values of giant companies like Meta Platforms ($1.472 trillion), Tesla ($1.123 trillion), and Berkshire Hathaway ($1.007 trillion).

This market activity has gained momentum, especially with the Trump administration's positive approach to cryptocurrency markets and rumors about crypto-supportive figures like Mark Uyeda and Paul Atkins being considered for the SEC chairmanship. Bitcoin has recorded a 30% increase since November 5, rising to the level of $89,864.

MicroStrategy's significant move to pay $2.03 billion for 27,200 Bitcoin between October 31 and November 10 has reinforced the confidence in the market. This purchase has been recorded as the company's largest investment since December 2020.

Alankar Saxena, co-founder of Mudrex, stated that Bitcoin is maintaining its upward trend with a strong support level of $75,600, and if the current momentum continues, the $100,000 level could be seen by the end of the year. Bitcoin is currently trading around $89,000.

While gold maintains its top position on the list with a market value of $17.6 trillion, it is followed by tech giants like Nvidia, Apple, Microsoft, and Alphabet (Google).