Bitcoin flips Amazon’s $2.3T market cap to become 5th global asset
2025-07-14 09:02:01
Main Idea
Bitcoin has become the world’s fifth-largest asset by market capitalization, surpassing Amazon, driven by a seven-day buying streak from US spot Bitcoin ETFs.
Key Points
1. Bitcoin's price rose to a new all-time high of $122,600, with a market capitalization exceeding $2.4 trillion.
2. Bitcoin surpassed Amazon’s $2.3 trillion, Silver’s $2.2 trillion, and Alphabet’s $2.19 trillion market caps.
3. US spot Bitcoin ETFs contributed significantly to Bitcoin's price momentum, with a seven-day buying streak adding liquidity.
4. Over 265 companies now hold Bitcoin on their balance sheets, totaling 3.5 million BTC in company treasuries.
5. Spot Bitcoin ETFs accounted for 75% of new Bitcoin investments over a two-week period in February 2024, helping push BTC price above $50,000.
Description
Bitcoin became the world’s fifth-largest asset by market capitalization on Monday, driven by a seven-day buying streak from US spot Bitcoin ETFs.
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