Bitcoin's market cap hit an all-time high of $1.93 trillion on November 21, driven by a surge in the coin's price to $97,850.
With this achievement, Bitcoin's market value has surpassed that of Saudi Aramco, and is close to catching up with e-commerce giant Amazon by just $230 billion.
Bitcoin now represents about 11% of the market cap of gold, which has a market cap of $17.68 trillion, and more than half of Nvidia’s market cap of $3.6 trillion.
Bitcoin's price surge was supported by reports of discussions within Donald Trump's team to create a dedicated office for cryptocurrency policy in the White House, which prompted a 6% increase in prices.
MicroStrategy’s plans to expand its bitcoin purchases, along with new trading options on bitcoin ETFs, have also helped boost demand.
Bitcoin's dominance in the cryptocurrency market has risen to 61.8%, leading to a decline in altcoins, especially Ethereum, whose market cap remained at $377 billion, with its price stagnating at $3,100.
With Bitcoin's market cap approaching the $2 trillion mark, the digital currency appears set to expand its influence and rival global tech giants.
