Key Points
Bitcoin had already exceeded the market cap of Meta, now valued at $1.23 trillion..
The next target in Bitcoin's ascent is Alphabet, the parent company of Google, currently valued at just below $1.72 trillion..
Bitcoin enthusiasts are also eyeing gold, the world's most valuable asset, which boasts a market capitalisation of $14.7 trillion.IANS..
Meanwhile, the rally in Bitcoin won further support after Britain's financial watchdog on Monday became the latest regulator to pave the way for digital asset trading products after saying on Monday it will now permit recognized investment exchanges to launch crypto-backed exchange-traded notes...
In the week to March 5, the net long position held by asset managers usually interpreted as covering holdings of institutional investors such as mutual funds and pension funds rose to 15,531 lots, worth $5.5 billion based on the current bitcoin price...
