The market cap of the world’s first cryptocurrency, Bitcoin, has surpassed that of retail and tech behemoth Amazon on “Bitcoin Pizza Day.”
data shows that Bitcoin BTC$110,835 had a market cap of $2.205 trillion at the time of writing, $70 billion more than the $2.135 trillion Amazon valuation.$BTC
“By surpassing Amazon in terms of capitalization, Bitcoin has attracted even more attention from the non-crypto audience,”
Obchakevich believes the latest rally “will strengthen confidence in Bitcoin and lead to new injections into the crypto market.” The surge came as Bitcoin set a new all-time high and now trades above $110,000, which Obchavich said will “attract new investors to large funds.”