Bitcoin has surpassed Silver to become the eighth-largest asset by market cap.
Bitcoin achieved this milestone after breaking above $89,000 for the first time and reaching a market cap of $1.75 trillion.
Silver has been struggling to attract investors, losing 6.28% of its value in the last seven days, while Bitcoin surged 31% in the same timeframe.
Investors are shifting towards riskier investments like Bitcoin due to a growing risk appetite and optimism around clear crypto regulatory framework under the new political administration.