CryptocurrenciesBitcoin market cap approaches silver with latest rally
SEC approval of ETFs and safe-haven demand among factors spurring rise
Bitcoin's share of the entire crypto market currently sits at close to 54%. (Photo by Wataru Ito)
KEITA SEKIGUCHI, Nikkei staff writer
TOKYO -- With bitcoin prices touching a new high on Tuesday, its market capitalization of over $1.35 trillion approached that of silver as investments flow in due to policy-driven factors, demand as a safe-haven asset and wider adoption of the cryptocurrency.