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Bitcoin Surpasses Saudi Aramco to Become Seventh Largest Asset on the Planet

Bitcoin Surpasses Saudi Aramco to Become Seventh Largest Asset on the Planet

Cointime2024/11/14 12:33
By: Cointime
BTC-0.67%ETH-1.13%

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.
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