Analysis: Bitcoin reaches $84,740 to match silver's market value

ChainCatcher message, the price of Bitcoin has surpassed $70,000, currently making it the ninth largest asset by market capitalization globally, ranking high among numerous listed companies and precious metals. Although Bitcoin's market cap exceeded that of silver in March, it must reach $84,740 per coin to match silver's current valuation of $1.67 trillion, as silver's market cap has now grown to $1.67 trillion. To surpass Apple's market cap, Bitcoin needs to reach a higher price, climbing to $151,210 per coin to exceed Apple's $2.98 trillion valuation. To surpass the world's largest company, Microsoft, with a market cap of $3.092 trillion, BTC needs to reach $156,895 per coin. As for gold, the gap is even larger, requiring a price of $800,100.