Bitcoin Soars to $109K, Overtakes Amazon as 5th Largest Asset
Bitcoin just flipped Amazon—cementing its spot among the world’s most valuable assets.
1️⃣ Bitcoin Hits $109,000
On Wednesday (May 21), Bitcoin surged 4.52% in 24 hours to reach an all-time high of US$109,000.
2️⃣ Market Cap Breaks $2.16 Trillion
This pushed Bitcoin’s total market capitalization to US$2.16 trillion, officially surpassing Amazon’s US$2.15 trillion.
3️⃣ Amazon Dips, Bitcoin Climbs
While Bitcoin’s market cap rose by 3.72%, Amazon slipped slightly by 0.68% over the same period.
4️⃣ Catalyst: Pro-Crypto Trump Victory
The rally follows Donald Trump’s recent presidential win—boosting market optimism due to his crypto-friendly stance.
🔍 Why It Matters:
Bitcoin’s rise to the fifth-largest asset globally signals growing mainstream adoption and investor confidence. It now trails only behind gold, Apple, Microsoft, and Saudi Aramco in total value.
