Bitcoin has become the world's fifth-largest asset, surpassing Google's market capitalization.
Bitcoin overtakes Google in market cap as cryptocurrency sees gains compared to tech and fundamentals
James Van Straten | Edited by Parikshit Mishra , April 23, 2025, 8:13 AM.
What you should know:
- Bitcoin has become the world's fifth-largest asset by market capitalization, reaching $1.86 trillion and overtaking Google.
- Increased optimism due to easing US-China trade tensions and a general rally in tech has seen Bitcoin break above $94,000, breaking key technical levels and outperforming the Nasdaq.
Bitcoin (BTC) has reached fifth place by market cap, reaching $1.86 trillion and overtaking Google (GOOG), breaking above $94,000.
This is the highest position Bitcoin has ever held in the rankings, although its market cap previously exceeded $2 trillion when it was valued at over $109,000. However, at that time, tech stocks were significantly higher than they are now.
Bitcoin just broke through $94,000, marking the year's most positive sign. Renewed optimism amid easing tensions in the U.S.-China trade war over tariffs has boosted both bitcoin and tech stocks, with Nasdaq futures up 2%.
Technically, Bitcoin has now risen above key resistance levels seen on Tuesday. Moreover, it has set a new record against the Nasdaq, indicating a breakout not only against the major tech indexes but also against a number of key asset classes.
