Bitcoin Hits $1.857 Trillion: In a historic financial leap, Bitcoin has overtaken Amazon to become the sixth-largest asset in the world by market capitalisation, signaling a major shift in global investment dynamics. According to data from CompaniesMarketCap.com, Bitcoin’s valuation has reached a staggering $1.857 trillion, edging past Amazon’s $1.837 trillion.
The world’s largest cryptocurrency is now closing in on Alphabet (Google), which stands at $1.859 trillion, holding the fifth position among the globe’s most valuable assets. At the top of the list remains Gold, valued at a monumental $22.5 trillion.
Bitcoin’s Bull Run: Fueled by Institutional Demand and ETF Inflows
Bitcoin’s rally has been nothing short of spectacular. In the past 24 hours alone, its price surged by 6.24%, reaching an impressive $93,546—a level not seen since the peaks of previous bull markets. This surge reflects renewed institutional interest, positive macroeconomic indicators, and record-breaking inflows into Bitcoin spot ETFs.
According to an Economic Times (ET) report, institutional investors are now playing a decisive role in this momentum shift. Edul Patel, Co-founder and CEO of Mudrex, said, “This rally is largely driven by increased institutional buying. Bitcoin spot ETFs saw net inflows of over $700 million recently—crossing $1 billion this week alone.”
Retail Confidence on the Rise
The good news isn’t limited to just large-scale investors. Retail traders are also re-entering the scene. The Fear and Greed Index—a key sentiment indicator—has shifted from “Fear” to “Neutral,” indicating renewed confidence among everyday investors.
Patel further noted, “We’re seeing reduced exchange inflows, which suggests lower selling pressure. If this pattern continues, Bitcoin could very well test the $100,000 threshold, with solid support currently holding at $88,000.”
Amazon Lags Behind Despite Stock Uptick
While Amazon’s shares did climb 3.5% on Wednesday, closing at $173.18, the e-commerce giant has seen a year-to-date decline of over 21%, and its 12-month return is down by 3.5%. In stark contrast, Bitcoin has gained over 40% in the same period, outperforming not just Amazon but many traditional tech stocks.
Global Politics and Risk Appetite Boost Crypto Market
Beyond financial metrics, geopolitical optimism is also playing a role in Bitcoin’s bullish trajectory. Riya Sehgal, Research Analyst at Delta Exchange, attributed part of the market confidence to positive diplomatic signals.
“Statements from U.S. Treasury Secretary Scott Bessent and former President Donald Trump suggesting a softening in US-China trade tensions have improved global risk appetite. That’s helping lift both traditional markets and digital assets,” Sehgal explained.
