Bitcoin Surges Past Alphabet’s Market Cap Again
Main Idea
Bitcoin's price surged to a new all-time high of $124,457, briefly surpassing Alphabet's market capitalization, and is now the sixth most valuable asset globally.
Key Points
1. Bitcoin's market value briefly exceeded Alphabet's, making it the sixth most valuable asset globally.
2. To surpass Alphabet again, Bitcoin needs an additional $2 billion in market cap; for Apple, it requires $36 billion.
3. Market expectations suggest a 46% probability of Bitcoin surpassing $130,000 in August, with a 5% chance of reaching $150,000 in two weeks.
4. Bitcoin has outperformed gold this year, with the XAUT/Bitcoin pair down by 3% year-to-date.
5. Galaxy CEO Mike Novogratz believes Bitcoin will eventually outpace gold, which has a market value of approximately $22.893 trillion.
Description
Bitcoin reached an all-time high of $124,457, surpassing Alphabet's market cap. Currently, Bitcoin needs an additional $2 billion market cap to surpass Alphabet again. Continue Reading: Bitcoin Surges Past Alphabet’s Market Cap Again The post Bitcoin Surges Past Alphabet’s Market Cap Again appeared first on COINTURK NEWS .
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