Bitcoin Overtakes Amazon as the Fifth Largest Asset, Hitting $2.16T Market Cap

3 weeks ago

Bitcoin BTC became the world’s fifth-largest plus aft hitting a caller all-time precocious connected Wednesday, which pushed its marketplace headdress to $2.16 trillion.

Though the crypto’s terms consolidated little aft hitting a precocious of $109,400, its marketplace headdress passed Amazon (AMZN), which stands astatine $2.15 trillion.

Bitcoin is up 16.44% year-to-date portion shares of the online retailer are down astir 8% implicit the aforesaid period. It is presently trading astatine $108,954.

(CompaniesMarketCap)

Gold is the largest asset, by far, lasting astatine a $22 trillion marketplace cap, followed by Microsoft (MSFT), NVIDIA (NVDA) and Apple (AAPL) which basal astatine $3.1 trillion to $3.4 trillion respectively.

As a effect of the surge successful bitcoin’s terms since the triumph of U.S. President Donald Trump, BlackRock’s iShares Bitcoin Trust (IBIT) precocious became the fifth-largest exchange-traded money (ETF) by inflows this twelvemonth arsenic it took successful astir $9 cardinal from investors, according to data from Bloomberg elder ETF expert Eric Balchunas.

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