Bitcoin’s Value Now Exceeds That of Google and Amazon
Early Monday, Bitcoin’s price surged past $123K before settling just below $121K by the afternoon.
Key Takeaways:
ShowBTC Surpasses Google and Amazon in Valuation
Bitcoin’s blistering rally has vaulted its market capitalization to roughly $2.4 trillion—surpassing Amazon and comfortably outpacing Google (Alphabet) at just under $2.2 trillion, making it the world’s fifth most valuable asset at around $120K per coin.
Institutional funds have poured into Bitcoin since the debut of the first BTC ETFs in early 2024.
That momentum was bolstered by Donald Trump’s decisive November victory and a crypto-friendly regulatory push under his administration. The SEC’s nomination of Paul Atkins as chair proved particularly consequential this year.
An unexpected wave then emerged: dozens of companies with no prior crypto ties began raising massive capital to acquire Bitcoin for their treasuries.
Software firm–turned–Bitcoin treasury MicroStrategy (Nasdaq: MSTR) led the charge after Chairman Michael Saylor allocated $500 million to BTC in 2020 amid ultra-low rates. MSTR’s stock has since climbed over 3,700%, inspiring imitators and driving institutional Bitcoin purchases.
Now, a confluence of drivers has propelled Bitcoin into uncharted price territory, elevating its value above some of the most iconic tech giants in history.
Market Metrics at a Glance
- Price Range (24 h): $118,346.59–$123,091.61; current trading at $120,469.84 (↑ 1.53% 24 h, ↑ 11.51% 7 d) per CoinMarketCap.
- Volume: +280.04% to $177.71 billion, a rare triple‐digit surge even accounting for weekend norms.
- Market Cap: +1.33% to ~$2.4 trillion; BTC dominance fell 0.33% to 64.42%, hinting at an altcoin upswing.
- Futures Open Interest: +4.10% to $88.13 billion.
- Liquidations: $486.62 million total (Coinglass), with $435 million in shorts and $51.61 million in longs wiped out.
Final Take
Bitcoin’s ascent past tech behemoths reflects unprecedented institutional adoption, favorable regulation, and robust market dynamics, solidifying its status among the world’s top assets.
