Bitcoin now more valuable than silver after morning surge

WorldTechnology
11 Jul 2025 • 5:16 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

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  • Bitcoin achieved a new all-time high on Friday morning, with its price surging above $118,000 (£87,000) for the first time in its history.
  • The cryptocurrency's market capitalisation now exceeds $2.3 trillion, surpassing tech giants like Alphabet and Meta, and notably overtaking silver.
  • The record-breaking rally was initiated following Donald Trump’s “Liberation Day” announcement on 2 April, which led investors to turn to alternative assets.
  • Experts highlight significant institutional accumulation and the asset's stability, even amidst considerable macroeconomic uncertainty and rising global geopolitical tensions.
  • Crypto market analysts predict Bitcoin could reach an average of $145,167 by the end of 2025, with some forecasting the current bull run's peak around the first quarter of 2026.

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