Silver has made a remarkable recovery against Bitcoin this year, reclaiming its position as the 8th largest asset by market value. According to CoinGecko, silver has seen a significant 33.4% increase since Bitcoin reached a record high of $73,737 on March 14, while Bitcoin has experienced a 9.5% decline during the same period.

Silver's market value currently stands at $1.83 trillion, surpassing Bitcoin's market value of $1.31 trillion by a substantial $500 billion. To reverse this trend, Bitcoin would need to increase by 40% to reach $93,000. Bitcoin is currently the 9th largest asset globally, following gold, Microsoft, Apple, Nvidia, Google, Saudi Aramco, Amazon, and silver. Gold has also seen a notable 22.4% increase since February 13, with a market value of $16.4 trillion.

Experts are divided on Bitcoin's price movement following its all-time high in March. Some analysts predict a doubling of Bitcoin's value within months, while others anticipate a consolidation phase between $55,000 and $75,000 in the next month. Bitfinex analysts forecast a potential surge to $150,000 within the next 12 months, citing spot Bitcoin exchange-traded funds and the post-halving effect as key factors. Bitcoin's market sentiment score indicates a level of greed, with a score of 70 out of 100 on the Crypto Fear and Greed Index.

The dynamic between Bitcoin and silver continues to evolve, with silver's market value currently leading by a substantial margin. As the cryptocurrency market continues to fluctuate, it remains to be seen how Bitcoin's price will move in response to its all-time high and the ongoing competition with silver.