Bitcoin Now Bigger than Amazon, Becomes World’s 6th Largest Asset
Bitcoin has set an amazing new record, overtaking Amazon to rank as the sixth-largest asset in the world in terms of market capitalization. Based on recent statistics provided by CompaniesMarketCap.com, Bitcoin's aggregate market cap is currently at $1.857 trillion, only slightly ahead of Amazon's $1.837 trillion valuation.
The cryptocurrency has seen a phenomenal rise in recent times, rising 6.24% in a mere 24 hours and hitting a high of $93,546. This level is reminiscent of Bitcoin's behavior at previous market highs, indicating a fresh bullish trend.
Institutional Inflows and Optimism in the Market Drive Rally
Analysts credit Bitcoin's recent rally to:
- Growing institutional investor participation.
- Sustained inflows into spot Bitcoin ETFs.
- Improving global economic indicators that have lifted investor sentiment.
Amazon's Market Performance Compared
Meanwhile, Amazon's shares rose moderately by 3.5%, closing at $173.18 recently. Nevertheless, the tech giant's stock has not been performing well in 2025, falling over 21% year-to-date and posting negative returns of 3.5% in the last 12 months.
Bitcoin has far outpaced Amazon, posting gains of over 40% in the same timeframe, marking its increasing appeal as an asset class.
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Bitcoin Closing in on Alphabet (Google)
With its new valuation, Bitcoin now closely follows Alphabet (Google) and is sitting fifth with a market cap of $1.859 trillion. Sustained market optimism is likely to soon propel Bitcoin further up global asset rankings.
