Bitcoin’s market capitalization has surpassed $2.4 trillion, making it the world’s fifth-largest asset, overtaking Amazon, Silver, and Alphabet. This surge to a new all-time high of $122,600 on Monday is largely attributed to a seven-day buying streak from US spot Bitcoin ETFs, which have collectively amassed over $1 billion in net positive inflows on Friday alone. Growing institutional adoption, with over 265 companies now holding Bitcoin, and optimism surrounding “Crypto Week” legislation in the US Congress, are further bolstering Bitcoin’s momentum.
Bitcoin Now 5th Largest Asset, Overtakes Amazon
