Bitcoin Surpasses Google in Market Cap, Breaks $94K Barrier
Bitcoin (BTC) has now become the fifth-largest global asset by market capitalization, surpassing Google (GOOG) with a valuation of $1.86 trillion, following a breakout above $94,000.
This marks Bitcoin’s highest-ever position, although it briefly surpassed $2 trillion when its price peaked over $109,000, during a time when tech stocks were notably higher. Despite fluctuations, Bitcoin continues to show strong performance.
As of today, Bitcoin’s rise above the $94,000 threshold has reversed its earlier losses for the year, spurred by renewed optimism amid easing U.S.-China trade tensions. The crypto surge has also supported a rally in tech stocks, with Nasdaq futures climbing by 2%.
Bitcoin’s breakthrough past key resistance levels, along with its record-high performance against the Nasdaq, signals a wider shift across major asset classes, extending its outperformance beyond just the tech sector.
