Bitcoin is once again making headlines. The leading cryptocurrency soared to $94,311, gaining 6.63% in just 24 hours. With this rally, Bitcoin’s market capitalization hit $1.846 trillion, overtaking both Silver and Amazon to become the sixth most valuable asset globally.
📊 Bitcoin Climbs Market Ranks as Amazon, Silver Slip
According to CompaniesMarketCap, Bitcoin passed the market caps of Silver and Amazon.com Inc (NASDAQ: AMZN), which earlier stood at $1.837 trillion each.
- Amazon’s stock rose 3.5% to $173.18.
- Silver’s price dipped slightly by 0.08% to $32.88.
- Bitcoin surged, briefly edging past Alphabet Inc (NASDAQ: GOOGL) at $1.859 trillion.
This historic jump sparked celebration among crypto enthusiasts, especially on X (formerly Twitter). Many believe Bitcoin is on track to challenge Apple, which currently holds the #2 spot with a $3 trillion market cap.
“Well that was fast. Bitcoin took out Amazon today… the #2 asset is incoming this year. Watch!” one user posted.
🔮 Is Bitcoin Headed Toward $110,000?
This latest surge appears to confirm predictions by Arthur Hayes, who believes Bitcoin could hit $110,000. Current market momentum and investor confidence suggest this target may not be far off.
📈 Digital Assets on the Rise
While Silver slips in rankings, digital assets like Bitcoin are becoming more accepted as inflation hedges and long-term investments.
Even Amazon, a tech juggernaut, now trails behind BTC—despite recording gains. The shift highlights how investors are increasingly favoring crypto over traditional assets.
Backing this trend, institutional investors are diving deeper into crypto. For example, Bitcoin Treasury Company Strategy just added 6,556 BTC, valued at $555.8 million, to its reserves—reinforcing Bitcoin’s place in corporate portfolios.
🧠 Final Thoughts: Bitcoin’s New Identity as Digital Gold
Bitcoin is evolving. Once viewed as a speculative asset, it’s now considered by many as “digital gold.” Its growing value and acceptance position it as a legitimate competitor to traditional giants.
With its market cap surging and support from institutional investors growing, Bitcoin’s rise to the top five global assets might only be a matter of time.
