According to the data from CompaniesMarketCap, Bitcoin (BTC) has overtaken Alphabet (Google/GOOG) as the fifth-largest asset in the world. BTC boasts a market cap of $1.87 trillion. Alphabet, on the other hand, has a market cap of $1.859 trillion. BTC currently sits behind Gold, Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA).
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Bitcoin Surges 21.4%
BTC has experienced quite a bullish outbreak over the last 24 hours. The asset is up 6.7% in the daily charts, 13.3% in the weekly charts, 21.4% in the 14-day charts, 8.3% in the monthly charts, and 42.6% since April 2024.
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The latest market rally comes after Trump Media finalized its ETF deal with Crypto.com. The initiative will focus on American crypto projects. While BTC’s country of origin remains unknown, there is a high possibility that the original crypto will greatly benefit from the development.
Bitcoin (BTC) has been among the best-performing assets of the last decade and a half. The cryptocurrency has outshone the likes of gold and tech stocks. The asset has also entered mainstream finance over the last few years.
Will The Asset Hit A New All-Time High?
Bitcoin (BTC) hit an all-time high of $108,786 on Jan. 20 of this year. The asset’s price has fallen by 13.4% since its January peak.
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According to CoinCodex, BTC may rally over the next few days. The platform anticipates the asset to hit a new all-time high of $130,514 on May 1. BTC’s price will rally by 38.3% if it hits the $130,514 target. CoinCodex does not anticipate BTC’s price to hold at $130. The platform predicts a correction to below $100,000 by June 17.
