Bitcoin achieved a record market capitalization of $1.35 trillion on March 5th, with its price rising 3.35% to $67,322 in the 24-hour period leading up to 12:55 pm UTC. This surge briefly positioned Bitcoin as the world’s eighth-largest asset, surpassing silver’s market capitalization of $1.347 trillion. Analysts anticipate further growth, citing the recent approval of Bitcoin exchange-traded funds (ETFs) in the US and robust investor confidence reflected in record-high open interest for Bitcoin futures contracts.
