Bitcoin Becomes 5th Largest Asset, Surpassing Google’s Market Cap
The post Bitcoin Becomes 5th Largest Asset, Surpassing Google’s Market Cap appeared on BitcoinEthereumNews.com.
U.S. spot exchange-traded funds based on Bitcoin have recorded record inflows over the past three months. The high performance indicates investors’ confidence in the long-term growth of the main cryptocurrency’s value. In addition, there are clearly visible signs of normalization of the market situation after the adoption of new customs tariffs by the U.S. government on the initiative of President Donald Trump. That is, in general, the situation with the coin industry has become much better. What’s happening with Bitcoin ETFs Investment in Bitcoin-ETFs has recovered to levels seen in January. This indicates a return of positive investor sentiment after fears of a global trade war that essentially started but just as quickly ended. As a result, U.S. spot Bitcoin ETFs recorded inflows of $912 million through April 22. This is the largest result since January 17, 2025, that is, in more than three months. Investor optimism increased after U.S. President Donald Trump announced an impending reduction in import duties on Chinese goods, taking a softer stance in negotiations. Lower tensions and increased inflows into ETFs helped Bitcoin cross the $94,000 mark for the first time in seven weeks today. Bitcoin ETF Inflow Statistics The U.S. Dollar Index (DXY), which reflects the dollar’s strength against a basket of major currencies, has fallen 9 percent since the start of 2025, hitting a three-year low of around 98.8 points. This index was last recorded in April 2022. Dollar Index (DXY) chart Crypto and traditional markets are “balancing political tensions and economic reality,” with Bitcoin showing a strong recovery thanks to “strong inflows into ETFs, institutional buying and a weak dollar.” This statement was made by Nexo analyst Ilya Kalchev. Here is his comment: Bitcoin’s strength against a weak dollar, record gold prices and a new round of institutional interest shows how the market is…
Filed under: News - @ April 23, 2025 8:26 pm