Bitcoin Tops $107,000, Inching Closer To Google, Amazon In Market Cap Ranks
Bitcoin has once again defied gravity, surging to the $107,000 highs Monday and pushing it closer to the market capitalization of Google parent, Alphabet, which has held its place in the top ranks of the world's largest assets by market value for a long time.
Data from CoinGecko showed that at one point late Monday night, the world's first decentralized cryptocurrency traded above $107,800, breaking its previous all-time high above $106,000.
The digital currency gained 1.4% in the last 24 hours amid a nearly 10% spike in the last seven days. It bounced back and skyrocketed after plunging at one point below $104,000 earlier Monday.
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