The market capitalization of Silver has surged past $500 billion, surpassing that of Bitcoin, despite the cryptocurrency overtaking the precious metal just two months prior.
Bitcoin experienced its lowest point in more than two months as May began, coinciding with the Federal Reserve's decision to maintain interest rates at their current level.
Bitcoin has surged to a fresh all-time peak, marking its first such milestone in over two years. The current rally, driven by enthusiasm surrounding bitcoin exchange-traded funds and the impending halving event, has gained momentum.
At the beginning of the week, Bitcoin surged, moving nearer to its all-time high following a pause in the rally over the weekend.
Bitcoin, the world's largest cryptocurrency by market capitalization, continued its upward surge on Tuesday, hitting a two-year peak exceeding $57,000. This ascent buoyed the broader crypto market amidst favorable market developments and increased purchasing activity from crypto enthusiasts.