Bitcoin Is Now Worth More Than Google and Amazon
2025-07-14 18:09:11
Main Idea
Bitcoin's market value has surpassed that of major tech companies like Google and Amazon, reaching approximately $2.4 trillion, driven by institutional investment and regulatory developments.
Key Points
1. Bitcoin's price surged above $123K early Monday before settling just under $121K, making it the fifth most valuable asset globally.
2. Bitcoin's market capitalization is around $2.4 trillion, exceeding Amazon's $2.4 trillion and Google's $2.2 trillion valuations.
3. Institutional capital influx followed the launch of Bitcoin ETFs in early 2024 and was bolstered by Donald Trump's election victory and regulatory changes like Paul Atkins' SEC nomination.
4. MicroStrategy (MSTR) saw a 3,700% surge after adopting Bitcoin as a treasury asset, inspiring similar moves by other companies.
5. Bitcoin's trading volume rose 280% to $177.71 billion, with futures open interest up 4.10% to $88.13 billion, while liquidations totaled $486.62 million, mostly from short positions.
Description
The cryptocurrency’s price surged above $123K early Monday morning before retreating to just under $121K in the afternoon. BTC Blows Past Google and Amazon in Market Value Bitcoin’s rally has gone into overdrive and at $120K, the cryptocurrency is now the fifth most valuable asset on earth, worth more than Google and Amazon. Bitcoin’s market
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