Bitcoin: Ringing the Bell on Amazon with a Market Cap Over $2 Trillion 🔔
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Digital currency Bitcoin surpasses Amazon, ranking as the world's fifth most valuable asset.
Bitcoin [BTC] cruises past $100K once more, claiming an astonishing $104K and a whopping $2.045 trillion market cap.
Per CoinMarketCap, BTC was trading at $103,234.98 at press time, boasting a 3.67% daily gain and a mighty 33.63% surge over the past month.
One of the most intriguing developments is that Bitcoin has officially outpaced Amazon, clocking a $2.045 trillion valuation at the 9th of May, just barely nudging past Amazon's $2.039 trillion.
Even though Amazon stock keeps rising, trading at $192.08 with a 1.79% gain, Bitcoin's soaring success signifies more than just fluctuating prices.
With this move, Bitcoin not only outmatches the market caps of silver, Google's Alphabet, and Meta, but it also ascends to the position of the world's fifth-largest asset by market cap, according to CompanyMarketCap.
Sina G., co-founder and COO of 21st Capital,remarked,
From a Fringe Investment to a Rival
Because it's long past just being a niche investment, Bitcoin now establishes itself alongside traditional financial titans.
While this isn't the first time Bitcoin has fought its way onto the field against Big Tech – the years 2025 saw Bitcoin briefly overtaking both Amazon and Google – the latest surge past $100K seems particularly resilient, with Bitcoin asserting itself among the world's most influential assets, even after hitting $109K during President Trump's re-inauguration in January 2025.
Needless to say, Bitcoin's electrifying rally hasn't just sparked a frenzy among traders; it's ignited broader discussions within corporate giants. Big players like Amazon are beginning to take notice as BTC solidifies its status as a force to be reckoned with.
In fact, in December 2024, given pressure from the National Center for Public Policy Research, Amazon faced the heat to contemplate a Bitcoin treasury strategy. The proposition suggests that the company allocate part of its $88 billion in reserves to BTC, emphasizing how the cryptocurrency's escalation is starting to resonate with high-level decisions and long-term corporate finance strategies.
A Short Squeeze Like No Other
Amid BTC's impressive growth, the market has also experienced its strongest short squeeze since 2021, as per recent analyzations by CoinGlass. With nearly $1 billion in liquidations and over 190,000 traders taken by surprise, it's safe to say the cryptocurrency market is currently in a rather dynamic state.
- Bitcoin's market cap soared past $2.045 trillion, making it the fifth-largest asset by market cap, surpassing the valuation of Amazon.
- The recent surge of Bitcoin beyond $100K signifies more than just fluctuating prices, it has established itself alongside traditional financial titans and even rivaled Amazon in market cap.
- As Bitcoin's electrifying rally continues, it has ignited broader discussions within corporate giants, with companies like Amazon starting to take notice of BTC as a force to be reckoned with.
- The cryptocurrency market has experienced its strongest short squeeze since 2021, as evidenced by recent analyzations by CoinGlass, with nearly $1 billion in liquidations and over 190,000 traders taken by surprise.
