Bitcoin has achieved a new record, surpassing 2.04 trillion USD in market cap, thus outpacing Amazon and ranking fifth among global assets.
Bitcoin Surpasses Amazon
Bitcoin's market cap reached 2.04 trillion USD, surpassing Amazon's, according to 8MarketCap. This event confirmed that Bitcoin ranks fifth in market capitalization among global assets.
Reasons for Increased Interest in Bitcoin
In the last 24 hours, Bitcoin increased by 4.75%, suggesting growing investor optimism. According to ChainCatcher analysts, "Easing global trade tensions have contributed to Bitcoin breaking through the $100,000 price level."
Future Prospects for the Bitcoin Market
The market continues to closely monitor the situation. According to CoinMarketCap, Bitcoin is trading at $102,691.38, with a market cap of 2.04 trillion USD and a market dominance of 62.76%. Coincu's research team emphasizes long-term growth potential amid stabilizing regulatory conditions and technological advancements.
Thus, the growth of Bitcoin's market cap signifies its increasing importance in the global economy, which may influence future market trends.
