Bitcoin (BTC) is on a rally, nearing its all-time high price of $69,000 while ranking among the top 10 highest capitalization just behind Silver.
On that note, Bitcoin and Silver are the 8th and 9th most valuable assets globally, according to CompaniesMarketCap data. Notably, they have a $1.363 trillion and $1.329 trillion market cap, respectively. Just behind Google’s parent company, Alphabet Inc (NASDAQ: GOOG) with $1.662 trillion.
Google, Silver, Bitcoin, and Meta market cap rank. Source: CompaniesMarketCap
Silver’s market cap: A look at the second-largest commodity
Besides being the 8th most valuable asset in the world, Silver is also the second-largest commodity, losing only to Gold. However, Bitcoin threatens this position, which many experts consider a digital commodity.
Interestingly, Silver has been trading in a consolidation range since October 2022. The commodity lost a local high at $30.09 per ounce in 2021, showing a neutral momentum since then.
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