Bitcoin climbed to a fresh all-time high of $109,400 on Wednesday, briefly consolidating afterward, as its market capitalization surged to $2.16 trillion—surpassing Amazon to become the fifth-largest asset worldwide.
Following this peak, Bitcoin’s market cap edged past Amazon’s $2.15 trillion valuation. The cryptocurrency is currently trading near $108,954 after the slight pullback.
Year-to-date, Bitcoin has surged approximately 16.44%, while Amazon shares have declined nearly 8%.
Gold remains the largest asset with a market cap of $22 trillion, followed by tech giants Microsoft, NVIDIA, and Apple, which hold valuations between $3.1 trillion and $3.4 trillion.
The recent price jump is partly attributed to increased investor interest since Donald Trump’s presidential victory. BlackRock’s iShares Bitcoin Trust (IBIT) has been a standout, attracting roughly $9 billion in inflows this year, according to Bloomberg senior ETF analyst Eric Balchunas.
