Bitcoin's market capitalization has increased to $1.35 trillion, exceeding Ethereum's by over $1 trillion as BTC trades around $68,000. This represents an 8.9% rise in Bitcoin's market cap since October 12, prompting speculation regarding its upward momentum. Glassnode analyst James Check highlighted this achievement as an all-time high for the market cap spread between Bitcoin and Ethereum, with the latter's market cap at approximately $318.32 billion. Bitcoin's market cap was last at this level on July 28, with its peak reaching $1.41 trillion. Currently, Bitcoin ranks just behind Meta Platforms in market cap, with gold being the largest asset at $18.38 trillion. Analysts suggest that Bitcoin has significant growth potential, with Bitcoin maximalist Fred Krueger estimating it could rise to $5 million if the market reaches $100 trillion by 2040. Crypto investor sentiments reflect a belief that there are no signs of frothiness in Bitcoin's market yet, indicating a bullish outlook for the cryptocurrency.

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