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Bitcoin's Rise Dethroned Amazon! Bitcoin Now the 5th Largest Asset by Market Cap! Here Are the Details.
The total market value of Bitcoin, the pioneer of cryptocurrencies, reached $2.407 trillion, leaving Amazon, Google and silver behind.
Bitcoin has risen to become the world's fifth-largest asset by market capitalization after its price surpassed $122,000. The cryptocurrency's total market capitalization has reached $2.407 trillion, surpassing Amazon, Google, and silver.
Bitcoin Surpasses $122,000, Becoming the World's 5th Most Valuable Asset.
Gold ($22.64 trillion) currently leads the ranking of assets with the highest market capitalization, followed by NVIDIA, Microsoft and Apple, respectively.
Bitcoin's historic rise is being viewed as a rally fueled not only by market momentum but also by infrastructure developments. “This isn't just a price movement; institutional inflows via ETFs, progress on crypto policies in Washington, and improved liquidity are the key drivers of this rally,” said Vincent Liu, Investment Director at Kronos Research.
Inflows into US spot Bitcoin ETFs have surpassed $16 billion in recent weeks alone, demonstrating continued institutional investor interest. Market expectations are also bolstered by the fact that the US Congress will consider key crypto bills like the CLARITY Act and the GENIUS Act as part of this week's “Crypto Week.”
2025 Target: Is $150,000 Possible?
If interest rate cut expectations become clearer and ETF demand continues, Bitcoin could test the $130,000 to $150,000 range by the end of the year, according to Liu. However, he emphasizes that this would also require a resurgence of retail investor interest.
In line with Bitcoin's historic rally, a positive sentiment prevails in the altcoin market. In the last 24 hours:
Ethereum (ETH) rose 2.71% to surpass the $3,000 level,
XRP rose 4.82% to $2.91,
Solana ($SOL ) rose 3.21% to $165.9.
The GMCI 30 Index, which measures the market according to the 30 largest cryptocurrencies, also increased by 3.6% in the last 24 hours.
$BTC
{spot}(BTCUSDT)
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