Highlights
Bitcoin broke a new all-time high as its market capitalization rose to $2.096 trillion, which places it above Google’s parent company in the global asset rankings. The feat is achieved as BTC is trading just below $105,000.
Bitcoin has risen to sixth place in world asset rankings by market capitalization, ahead of Alphabet (Google) and silver. Recent data by 8marketcap places the flagship crypto at a combined market capitalization worth $2.096 trillion, compared to Google’s $2.028 trillion and Silver’s $1.844 trillion.
BTC has shown brilliant performance with 2.56% increase in the past 24 hours and 2.66% increase in the past week. Such upward momentum is contrary to some of the traditional assets leading the list that have shown weekly declines. They are Apple (-1.95%), Amazon (-2.46%), and Silver (-1.10%).
Bitcoin’s price movement in recent days has been quite stable, as its 24-hour trading range has varied between $102,430 and $106,704. Despite this upward movement, Bitcoin still trades approximately 3.6% below its all-time high of $108,786 established on January 20, 2025.
BTC now sits firmly between fifth-ranked Amazon ($2.188T) and seventh-ranked Google on the global asset leaderboard. As per the data Gold maintains its dominant position at the top with a market capitalization of $21.827 trillion and a price of $3,250 per ounce.
The flagship crypto stands on the threshold of moving even further up the global asset rankings, with Amazon’s fifth-place position potentially within reach. The e-commerce giant currently maintains a slim lead with a market capitalization of $2.188 trillion compared to Bitcoin’s $2.096 trillion, a difference of just $92 billion.
According to the market data, if BTC manages to reclaim its all-time high of $108,786, its market capitalization would jump to approximately $2.17 trillion. This would place the leading crypto within striking distance of Amazon.
The recent price movements show Bitcoin has maintained a strong upward movement in the last 30 days. CoinMarketCap data shows that BTC has surged from a 30-day low of $85,000.
Meanwhile, for BTC to overtake Amazon in the rankings, it would need to surpass its current all-time high and potentially reach around $110,000 per coin. Given Bitcoin’s recent price action and its 24-hour range extending as high as $106,704, this threshold appears within realistic reach if current market conditions persist. As inflationary fears mount, the BTC price eyes the $108,000 target.
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