Bitcoin beats Amazon in market worth; becomes world’s 6th most valuable asset with $1.857 trillion m-cap

The cryptocurrency has seen a exceptional rally in the previous few days. (AI picture)

Bitcoin has achieved a big milestone by overtaking Amazon to change into the sixth-largest asset globally by market capitalisation. Data from CompaniesMarketCap.com reveals Bitcoin’s market worth has reached $1.857 trillion, exceeding Amazon’s $1.837 trillion.
The cryptocurrency has seen a exceptional rally in the previous few days. Bitcoin skilled a 6.24% enhance inside 24 hours, reaching $93,546 – ranges seen throughout earlier bull market peaks. This upward motion displays elevated institutional participation, continued spot ETF inflows, and optimistic world financial indicators, in response to an ET report.
Amazon’s shares recorded a 3.5% enhance on Wednesday, closing at $173.18. Despite this achieve, the corporate’s inventory has skilled a decline exceeding 21% for the reason that yr started and confirmed damaging returns of three.5% over the earlier 12 months. In comparability, Bitcoin demonstrated superior efficiency with beneficial properties surpassing 40% throughout the identical timeframe.
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Bitcoin now trails intently behind Alphabet (Google), which maintains the fifth place with a market capitalisation of $1.859 trillion. Gold continues to dominate because the highest-valued asset worldwide, sustaining a considerable market capitalisation of $22.5 trillion.
Institutional buyers are considerably contributing to Bitcoin’s upward momentum, in response to market analysts. “This rally is largely driven by increased institutional buying, with Bitcoin spot ETFs seeing net inflows reach a multi-month high of over $700 million—totalling more than $1 billion this week alone,” mentioned Edul Patel, Co-founder and CEO of Mudrex.
The retail investor outlook is exhibiting optimistic modifications, as famous by Patel. “The Fear and Greed Index has now moved to ‘Neutral’, indicating that retail investors are re-entering the market. We’re also seeing a decline in exchange inflows, suggesting lower selling pressure. If this trend holds, Bitcoin could potentially test the $100,000 level, with current support at $88,000.”
According to Riya Sehgal, Research Analyst at Delta Exchange, present diplomatic developments are enhancing market confidence. “Remarks from Treasury Secretary Scott Bessent and President Trump pointing to a possible de-escalation in US-China trade tensions have improved the overall risk appetite. This is lifting both traditional equities and digital assets.”
(Disclaimer: Recommendations and views on the inventory market and different asset courses given by specialists are their very own. These opinions don’t characterize the views of The Times of India)