Bitcoin Becomes the Fifth Largest Asset Globally by Market Capitalization, Surpassing Alphabet (Google)

The market capitalization of Bitcoin (Bitcoin-BTC) has risen to currently rank fifth in the global asset hierarchy by market capitalization, surpassing the tech giant Alphabet (the parent company of Google). As of April 23, the market value of Bitcoin reached $1.87 trillion, slightly exceeding Alphabet's market value of $1.859 trillion according to the latest global asset ranking data. For this reason, the leading cryptocurrency is now only behind gold, Apple, Microsoft, and Nvidia in terms of market capitalization.

Bitcoin Reaches a New Milestone by Decoupling from US Technology Stocks

This achievement comes amid an increasingly independent performance of Bitcoin from US technology stocks; during April alone, Bitcoin's value surged by 15%, significantly outpacing the Nasdaq 100 index's return of 4.5%. This divergence represents a clear shift from Bitcoin's historical correlation with tech sector stocks, renewing optimism among crypto investors after months of lackluster performance.