Bitcoin has recently experienced a strong rebound, with its Fully Diluted Valuation (FDV) returning to $1.96 trillion, successfully surpassing Amazon and Google's parent company Alphabet.
Cryptocurrencies and traditional financial markets experienced a strong rebound on Wednesday due to Trump's statement about reducing tariffs on China, along with revealing no intention to dismiss the Federal Reserve Chairman. BTC yesterday (23rd) briefly approached $95,000 and is currently reported at $93,320, fluctuating within a narrow range.
Bitcoin's Fully Diluted Valuation (FDV) surpasses Amazon and Google
As cryptocurrency prices warm up, Bitcoin's Fully Diluted Valuation (FDV) has now reached $1.96 trillion. Compared to CompaniesMarketCap's corporate data, Bitcoin's FDV has surpassed Google's parent company Alphabet ($1.85 trillion) and Amazon ($1.91 trillion).
In fact, this is not Bitcoin's highest value, as it previously broke the $100,000 mark; however, U.S. tech stocks have significantly corrected this year, demonstrating the resilience of BTC prices. Compared to companies, BTC currently lags only behind Apple ($3.07 trillion), Microsoft ($2.78 trillion), and Nvidia ($2.5 trillion), but there remains a considerable gap to gold's $22.4 trillion.
U.S. stocks continue to rebound
Moreover, in traditional financial markets, investor sentiment has clearly warmed, with the U.S. stock market continuing to rise on the 23rd:
The Dow Jones Index rose by 419.59 points (1.07%), closing at 39,606.57 points
The S&P 500 index rose by 88.1 points (1.67%), closing at 5,375.86 points
The tech-heavy Nasdaq index surged by 407.63 points (2.50%), closing at 16,708.05 points
The Philadelphia Semiconductor Index skyrocketed by 3.96%, closing at 3,983.92 points
Additionally, U.S. Treasury Secretary Scott Bessent claimed last night that both sides do not believe the current high tariffs are sustainable, and there is an opportunity for significant trade agreements between the U.S. and China, but emphasized that both sides are waiting for dialogue.
Note: Currently, the U.S. imposes a 145% tariff on many imported goods from China, with some products facing cumulative tariffs of up to 245%. China has raised tariffs on U.S. goods to 125% in retaliation.
