- Bitcoin overtakes Amazon to become the 5th largest asset in the world.
- BTC recently beat Google’s total market cap a few weeks ago.
- Bitcoin price is expected to pump further, analysts wonder which asset will be beaten next.
Bitcoin overtakes Amazon to become the 5th largest asset in the world after its recent bullish price pump to $103,000. Just a few weeks ago, when the price of Bitcoin (BTC) pumped to the $94,000 price mark, the pioneer crypto asset knocked Google’s market cap and took its place then as the fifth largest market cap in the world. These three assets have been fighting to keep the 5th-ranked title.
Bitcoin Overtakes Amazon in Market Cap
The pioneer cryptocurrency Bitcoin (BTC), continues to break headlines across the world. This time, Bitcoin can claimed the title of the world’s 5th-largest asset once again. Previously, just a few weeks ago, Bitcoin claimed this title by beating Google’s market cap for the title. Back then both assets were at a $1 trillion total market cap. Now, Bitcoin has reclaimed the same title by beating Amazon’s market cap, with both assets standing at $2 trillion market cap.
As we can see from the post above, Bitcoin, with its $2.054 trillion market cap has overtaken Amazon’s market cap of $2.039 trillion. The response from the global stock and crypto community has been absolutely bullish as analysts await to see Bitcoin hit much higher ATH prices and climb up the ladder to take down the other top assets starting with NVIDIA, beaten by Apple, Microsoft, and Gold.
As the post shows, above Bitcoin, presently are NVIDIA, Microsoft, Apple, and Gold respectively. These market caps increase from $2.863 trillion, $2.949 trillion, $3.356 trillion, and $22.230 trillion. Indeed, these are impressive numbers that will not be easy for Bitcoin to beat. However, with BTC price predictions growing more bullish, it would not come as a surprise to many if Bitcoin continued to climb up the ladder at a rapid pace.
Bitcoin Reclaims 6-Digit Prices
Responses to the development in the crypto market has been highly bullish, leading Alva app to add to the bullish sentiment. To elaborate, the Alva App responds to the post saying that Bitcoin’s leap into the top five global assets isn’t just hype, but rather, it is undeniable proof of surging institutional demand, ETF inflows, and mainstream validation.
The response goes on to explore how on-chain accumulation has increased exponentially. Presently, CoinMarketCap data confirms that the price of BTC went from $99,000 to $103,200 in under 24 hours. It boasts a total market cap of over $1.05 trillion and a 24-hour trading volume of over $70.56 billion, which is up by over 30% in the last day. Analysts expect BTC to continue to pump and hit several new ATH targets soon.
