Bitcoin has claimed the title of the 8th largest global asset with a market valuation of $1.76 trillion, surpassing silver.The price of Bitcoin has surpassed $89,000, marking an 11.3% increase and pushing it to the 8th spot on the list.This milestone reflects growing public acceptance of Bitcoin and its role as an alternative to traditional assets.The surge in Bitcoin's value is attributed to bullish sentiment from institutional investors and the incoming US president's crypto-friendly policies.