Bitcoin Surpasses Saudi Aramco to Become Seventh Largest Asset on the Planet
Bitcoin has climbed to become the world's seventh largest asset, overtaking Saudi Aramco. Its dominance in the market has reached a new high of 61.38%. In the past six trading days, U.S. spot-listed ETFs have seen a net inflow of over $4.7 billion. The rise in stablecoin liquidity and Bitcoin transactions has led to the formation of "Uptober", but Ether ETFs have seen their biggest outflows since July. The ETH/BTC ratio has also dropped to its lowest point since April 2021, leading to questions about whether Bitcoin's bullish momentum is waning.
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