Bitcoin, the world’s leading cryptocurrency, has made a significant milestone as its market capitalisation has surpassed that of Amazon, making it the sixth-largest asset globally with a value of $1.857 trillion. This surge in Bitcoin’s market capitalisation can be attributed to the increasing institutional investment and spot ETF inflows. The cryptocurrency has seen a remarkable rally, reaching a price of $93,546. This achievement underscores the growing popularity and acceptance of Bitcoin as a valuable digital asset. Investors are increasingly turning to Bitcoin as a hedge against inflation and a store of value. The cryptocurrency’s performance in the market reflects the confidence of investors in its long-term potential. As Bitcoin continues to gain traction among institutional investors and retail traders, its market capitalisation is expected to keep growing in the coming months. With its recent milestone, Bitcoin has solidified its position as a major player in the global financial market.

Posted in
JUST IN
Bitcoin’s market cap surpasses Amazon, hits $1.857 trillion, rising to 6th largest asset globally amid institutional investment.
In Trend

Tesla Eyes Indian Market Amid Tariff Concerns, Evaluates Entry Timing – Promising Market But Hurdles Remain
