Bitcoin (BTC), the world’s largest cryptocurrency, surged by 6.7% to around US$94,300 on Wednesday (April 23). This rally propelled Bitcoin to become the fifth most valuable asset in the world, overtaking Alphabet—the parent company of Google.
This milestone came as Bitcoin’s market capitalization soared to US$1.87 trillion, surpassing both Google and silver, which each stood at around US$1.85 trillion, according to data from Companies Market Cap. Remarkably, Bitcoin surpassed both assets in less than a day.
Previously, Bitcoin had already overtaken other major assets such as Amazon (AMZN) and Meta. However, gold still holds the top spot with a market value of US$22.5 trillion.
If this rally continues, it’s only a matter of time before Bitcoin challenges Nvidia (NVDA), which currently sits just above it in market capitalization.
