DeFi News Daily Official TheBitTimes.com

According to the data from CompaniesMarketCap, Bitcoin (BTC) has overtaken Alphabet (Google/GOOG) as the fifth-largest asset in the world. BTC boasts a market cap of $1.87 trillion. Alphabet, on the other hand, has a market cap of $1.859 trillion. BTC currently sits behind Gold, Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA). Also Read: Top 3 Cryptocurrencies To Rise From Trump’s “Made In America” Source: CompaniesMarketCap Bitcoin Surges 21.4% Source: Watcher Guru BTC has experienced quite a bullish outbreak over the last 24 hours. The asset is up 6.7% in the daily charts, 13.3% in the weekly charts, 21.4% in the 14-day charts, 8.3% in the monthly charts, and 42.6% since April 2024. Source: CoinGecko Also Read: Shiba Inu: Is SHIB A Profitable Buy For 2025? The latest market rally comes after Trump Media finalized its ETF deal with Crypto.com. The initiative will focus on American crypto projects. While BTC’s country of origin remains unknown, there is a high possibility that t...

Asset manager WisdomTree has officially submitted its S-1 filing for a spot XRP ETF (Exchange Traded Fund). The development marks a significant milestone for the cryptocurrency industry. Ripple’s XRP token has surged following the ETF filing. https://twitter.com/watcherguru/status/1863548788654084452?s=46 Also Read: Shiba Inu: SHIB On Track To Claim $0.00005, Here’s When? XRP Begins To Rally? The cryptocurrency market is facing a slight correction. Bitcoin (BTC) is facing significant resistance at the $96,000 level. Ripple’s XRP token, on the other hand, is defying the market trend. The asset is up by 20.3% in the daily charts, 54.9% in the weekly charts, 102.1% in the 14-day charts, and 351.6% over the previous month. The asset’s price has also risen by 276.3% since December 2023. Source: CoinGecko Also Read: Currency: What’s Happening With Indian Rupee And The US Dollar? XRP’s latest rally has led to the asset breaching the $2 mark for the first time since Janu...

Continuing what has been a monumental year for the asset, the gold price has reached yet another all-time high as it continues to gain value. Indeed, the metal is currently trading at more than $2,525 after reaching a record of $2,531 earlier Tuesday. The most recent increase means that a signal gold bar of 400 troy ounces is now selling for more than $1 million. A massive reason for its prevalence is the ongoing economic uncertainty. This year has seen gold emerge as a key haven asset in the concerning times. Also Read: Gold Prices Predicted by JP Morgan to Hit New All-Time High Gold Price Surges to $2,531 All-Time High in Yet Another Record Rally There is no denying gold’s importance in 2024. The metal has become a valuable asset that has driven increased private and institutional investment throughout the year. With the BRICS bloc leading international interest, it has been targeted as a key reserve asset amid questionable economic realities. That interest has led the gold pric...