Bitcoin approaches $90,000 and becomes eighth largest asset globally after surpassing silver

Bitcoin has surged to nearly $90,000, surpassing silver to become the 8th largest asset globally, with a market cap of $1.752 trillion. This increase is attributed to optimism about potential crypto-friendly policies following Donald Trump's election win. In addition to surpassing silver, Bitcoin has outpaced major companies like Meta, Tesla, and Berkshire Hathaway. Gold remains the largest asset with a market cap of $17.6 trillion, followed by Nvidia, Apple, Microsoft, and Alphabet. The rally was also fueled by MicroStrategy's recent purchase of 27,200 Bitcoin for $2.03 billion, marking its largest acquisition since December 2020. Bitcoin is now close to reaching the $100,000 mark.