Despite briefly surpassing Silver in market cap two months ago, Bitcoin (CRYPTO:BTC) would need to reach $93,000 to reclaim its position from the precious metal, which currently holds a market cap of $1.83 trillion compared to Bitcoin's $1.31 trillion.

Silver has rallied 33.4% since Bitcoin's record high in March, while Bitcoin has retraced 9.5%.

Currently ranked ninth among the world's largest assets, Bitcoin trails behind Gold, Microsoft, Apple, Nvidia, Google, Saudi Aramco, Amazon, and Silver.

Analysts are divided on Bitcoin's future price trajectory, with predictions ranging from a consolidation phase between $55,000 and $75,000 to reaching $150,000 over the next 12 months.