According to Crypto Rover, Bitcoin has overtaken the Taiwan dollar to become the 8th largest currency globally by market capitalization, highlighting its growing dominance in the global financial system (source: Crypto Rover on Twitter, May 22, 2025). This milestone reinforces Bitcoin's role as a major alternative to fiat currencies and signals increased institutional interest, which could drive further trading volume and volatility. Crypto traders should closely monitor Bitcoin's market cap relative to other national currencies like the Hong Kong dollar, as further gains could influence capital flows and regulatory developments impacting the broader crypto market.