Bitcoin goes for gold, Ethereum awakens.

Bitcoin surpasses silver in market value.

This week, Bitcoin reached a significant milestone by surpassing silver in total market value, with a current valuation of approximately $1.7 trillion. Gold is now the only commodity with a higher market value than Bitcoin. This highlights Bitcoin’s role as ‘digital gold’ and its position as a reliable store of value.

With growing interest from institutional investors, Bitcoin is solidifying its place as an essential component of a modern, diversified investment portfolio. For Novelist investors, this milestone underscores Bitcoin’s strength as a stable foundation within our Core portfolio. Its increasing global adoption cements Bitcoin as the cornerstone of every crypto portfolio.

Source: Companiesmarketcap

Record inflows for Ethereum ETFs after Trump’s victory.

Ethereum ETFs saw record-breaking capital inflows following Trump’s election victory. Investors anticipate that a more relaxed regulatory approach under Trump will benefit companies and financial institutions launching new financial products and services on Ethereum. These developments reflect the growth of DeFi and reinforce Ethereum’s position as the go-to blockchain for institutional finance.

The strong inflows highlight the growing confidence in Ethereum and reaffirm its place in our Core portfolio, alongside Bitcoin.

Source: Coinglass

MicroStrategy announces ambitious $42 billion Bitcoin purchase plan.

MicroStrategy, the company with the world’s largest Bitcoin holdings of over 250,000 BTC, has announced plans to significantly expand its position over the next three years with a total purchase of $42 billion in Bitcoin. This expansion would be partially funded by capital from institutional investors, further bridging the gap between the crypto sector and traditional finance.

Last week, MicroStrategy secured its first $2 billion from investors and immediately used it to purchase additional Bitcoin.

Source: Forbes