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Bitcoin’s Market Cap Jumps to $1.4T, Surpassing Silver
Bitcoin jumped to a record high on Monday, fuelled by continued positive momentum of the spot ETFs.
Updated Mar 11, 2024, 1:35 p.m. Published Mar 11, 2024, 1:33 p.m.
Bitcoin continues to rise in the ranks of top assets by market cap, pushing past silver to become the world's eighth most valuable property.
With a 4% advance to an all-time high past $72,000 in the morning hours of U.S. trading, bitcoin's valuation shot to $1.42T, above that of sliver at $1.387T, according to CompaniesMarketCap.
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Earlier in this historic bull run, bitcoin pushed ahead of the market cap of Meta (formerly known as Facebook), which now stands at $1.2 trillion.
Next up in bitcoin's sight is the globe's seventh most valuable asset, Google parent Alphabet, whose current valuation is just shy of $1.7 trillion. Some bitcoin bulls have their sights set on the world's most valuable property – gold and its $14.7 trillion market cap. To get there, bitcoin would have to rise more than 10-fold, or past $720,000 per token.
“The robust price action continues to be fueled by the positive momentum of BTC Spot ETFs,” said Matteo Greco, research analyst at Fineqia Capital, in a morning note. To that point, the London Stock Exchange Monday decided to accept applications for bitcoin and ether exchange-traded notes (ETNs).
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Proposed ‘AfterDark’ Bitcoin ETF Would Skip U.S. Trading Hours
The fund would hold bitcoin only overnight, betting on data showing bitcon gains mostly occur outside regular market hours.
What to know:
- Nicholas Financial has filed with the SEC to launch a bitcoin ETF that holds BTC only during overnight hours.
- The “AfterDark” ETF buys bitcoin after U.S. stocks close for the day and then sells bitcoin and shifts into Treasuries during the American session.
- Data shows bitcoin tending to perform better when traditional U.S. markets are closed.
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