Bitcoin soared to a record high of $109,400 on Wednesday before easing slightly, pushing its market capitalization past $2.16 trillion and making it the fifth-largest asset worldwide.
This surge allowed Bitcoin to overtake Amazon, whose market cap currently stands at $2.15 trillion. Despite a minor pullback from the day’s peak, Bitcoin remains strong at around $108,954.
Year-to-date, Bitcoin has appreciated approximately 16.44%, while Amazon shares have declined nearly 8% over the same period.
Gold maintains its position as the largest asset by a wide margin with a $22 trillion valuation, followed by Microsoft, NVIDIA, and Apple, each valued between $3.1 and $3.4 trillion.
The recent rally has been boosted by renewed investor enthusiasm following former President Donald Trump’s electoral win. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) has become one of the top-performing ETFs this year, pulling in close to $9 billion in investor inflows, according to Bloomberg’s senior ETF analyst Eric Balchunas.
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