Bitcoin recently achieved a significant milestone by momentarily becoming the world's 8th largest asset, surpassing the market capitalisation of silver.

This occurred when Bitcoin's market capitalisation soared to a record high of $1.35 trillion on March 5.

The surge in Bitcoin's price, which saw a 3.35% increase within 24 hours to reach $67,322 at 12:55 pm UTC, contributed to this achievement.

Over the week, the pioneering cryptocurrency experienced a notable uptick, rising over 17% according to CoinMarketCap data.

This remarkable moment of surpassing silver, the world's second-largest precious metal, with a market capitalisation of $1.347 trillion, underscores Bitcoin's growing prominence in the global financial landscape.