The post Bitcoin Hits $106K, Closing in on Google’s $2.3T Market Cap appeared on BitcoinEthereumNews.com.

Bitcoin has made a new all-time high at $106,488.  With a 14% increase, BTC can break above the market cap of Google. Strike CEO Jack Mallers said that Trump might issue an executive order to buy BTC. Bitcoin (BTC) has reached a historic milestone, climbing to a new all-time high of $106,488, giving it a market cap of $2.11 trillion, according to CoinMarketCap. Currently trading at $104,745 with a market cap of $2.07 trillion, Bitcoin now stands on the verge of surpassing Google’s market cap of $2.3 trillion. With just a 14% increase in price, Bitcoin could become the 6th largest asset globally by market volume, solidifying its place as one of the most valuable financial instruments in the world. For context, Google—the tech giant with dominance across market sectors—has a market cap of $2.3 trillion, as reported by Yahoo Finance. If Bitcoin surpasses this benchmark, it would represent a historic milestone, solidifying its place among the world’s most valuable assets. BTC Price Momentum and Potential to Surpass Google Bitcoin has gained 5.72% over the last week and 14.76% in the past month. Analysts speculate that an additional 14% increase in BTC’s price could push its market cap above Google’s, further establishing Bitcoin’s relevance as a top-tier asset. Much of this growth is attributed to rising interest in Bitcoin’s potential role as a reserve asset. Read also: Bitcoin Back At $100K And Beyond: Market Maturity or Just Another Rally? Jack Mallers, CEO of Strike, recently told YouTuber Tim Pool that on his first day in office, pro-crypto Donald Trump could enact a day-one executive order to purchase Bitcoin as a strategic reserve. While Mallers clarified that the acquisition wouldn’t involve “1 million coins,” he emphasized that the amount would still be “significant.” Bitcoin Technical Indicators Signal Bullish Trend The Relative…

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Filed under: News - @ December 16, 2024 7:12 am