🚀Bitcoin's market value approaches the 2 trillion mark, targeting Amazon and Alphabet
Bitcoin's market value has reached a new high! Today, it hit a historic peak of nearly $1.96 trillion, with the price soaring to $98,886. This number means that Bitcoin's market value has surpassed that of the Middle Eastern oil giant Saudi Aramco, second only to Google's parent company Alphabet's $2.06 trillion and e-commerce giant Amazon's $2.08 trillion!
Currently, Bitcoin's market value accounts for 10% of gold's market value, and it also exceeds half of the market value of the world's largest company, Nvidia, which is $3.59 trillion. The total market value of Bitcoin is currently $200 billion higher than that of the entire silver market!
According to Coingecko data, as of now, Bitcoin's price has increased by 12.7% over the past seven days, with the highest price briefly approaching $99,500. Analysts believe that the news of the Trump team planning to establish a position in the White House specifically responsible for cryptocurrency policy is a key factor driving this increase in Bitcoin's price.
Market analyst Tony Sycamore stated, "Buyers are strong right now, and while I'm not sure if everything will go smoothly as the price approaches the $100,000 mark, demand seems to be endless." Bitwise's CEO Hunter Horsley also mentioned, "Bitcoin is the greatest wealth transfer plan in the world today."
Also worth noting is that Bitcoin whale MicroStrategy has announced it will accelerate its Bitcoin purchases, and the debut of the U.S. spot Bitcoin ETF options has also added fuel to the market.
TradingView charts show that Bitcoin's market share soared to 61.53% yesterday, ranking first in terms of cryptocurrency market capitalization.
On the other hand, according to Coingecko data, Ethereum's market value has also reached $406.9 billion, surpassing the market value of Procter & Gamble, which ranks 33rd.
Additionally, Ethereum's price has increased by over 10% in the past seven days, accounting for 11% of the total cryptocurrency market capitalization; while stablecoins rank third with nearly 4% of the cryptocurrency market share.
Finally, how long do you think this surge in Bitcoin will last? Will Bitcoin's market value exceed Amazon's in this cycle?
