Key Takeaways
- Bitcoin’s market capitalization surpassed Alphabet, Silver, and Amazon to rank as the 5th largest global asset.
- Bitcoin’s value surged 12% this week, with prices reaching above $93,500 amid easing trade tensions.
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Bitcoin has hit a market cap milestone of over $1.8 trillion, now outpacing Google, silver, and Amazon to stand as the fifth largest asset in the world, according to data from CompaniesMarketCap.
Bitcoin is ahead of Alphabet, Google’s parent company, surpassing it by approximately $12 billion in market value.
Close behind is silver, long regarded as a monetary metal and industrial asset, with a valuation of $1.856 trillion. Amazon, the e-commerce and cloud giant, follows with a market cap of $1.837 trillion.
Bitcoin is now setting its sights on the world’s fourth most valuable asset, Nvidia, currently valued at $2.4 trillion. And if Bitcoin wants to catch gold, it would need to rally over 1,000% to match gold’s valuation.
Bitcoin has surged by 12% this week, climbing above $93,500 as investor confidence grows, per TradingView.
During Wednesday’s Asian trading session, the digital asset briefly reclaimed the $94,000 level, buoyed by easing global trade tensions following remarks from President Trump yesterday.
Meanwhile, Bitcoin’s growing divergence from traditional equities has strengthened its position as a hedge against macroeconomic uncertainty, supporting the “digital gold” narrative.
The shift has played out in renewed interest in Bitcoin ETFs. On Tuesday, US-listed spot Bitcoin ETFs took in nearly $913 million in new investments, their largest single-day net inflow since mid-January. With this strong performance, these funds have extended their winning streak to three consecutive trading days.
“Bitcoin is rallying because they broke the economy,” said Bitwise CIO Matt Hougan in a statement. “And the way they’ll ‘fix’ the economy will make Bitcoin rally harder.”
Bitcoin developer Adam Back stated that Bitcoin prices under $100,000 are “cheap.”
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