Bitcoin Overtakes Amazon as the Fifth Largest Asset, Hitting $2.16T Market Cap
The post Bitcoin Overtakes Amazon as the Fifth Largest Asset, Hitting $2.16T Market Cap appeared on BitcoinEthereumNews.com.
Bitcoin became the world’s fifth-largest asset after hitting a new all-time high on Wednesday, which pushed its market cap to $2.16 trillion. Though the crypto’s price consolidated lower after hitting a high of $109,400, its market cap passed Amazon (AMZN), which stands at $2.15 trillion. Bitcoin is up 16.44% year-to-date while shares of the online retailer are down about 8% over the same period. It is currently trading at $108,954. (CompaniesMarketCap) Gold is the largest asset, by far, standing at a $22 trillion market cap, followed by Microsoft (MSFT), NVIDIA (NVDA) and Apple (AAPL) which stand at $3.1 trillion to $3.4 trillion respectively. As a result of the surge in bitcoin’s price since the win of U.S. President Donald Trump, BlackRock’s iShares Bitcoin Trust (IBIT) recently became the fifth-largest exchange-traded fund (ETF) by inflows this year as it took in roughly $9 billion from investors, according to data from Bloomberg senior ETF analyst Eric Balchunas. Source: https://www.coindesk.com/markets/2025/05/21/bitcoin-overtakes-amazon-as-the-fifth-largest-asset-hitting-usd2-16t-market-cap
Filed under: News - @ May 22, 2025 11:27 am