Bitcoin has temporarily climbed, becoming the fifth most valuable asset in the world, and has rimmed Google’s parent company, Alphabet, in the past with a short-lived but iconic flip.
Bitcoin’s rating reached around $1.87 trillion just before Alphabet’s $1.859 trillion, according to data from CompaniesmarketCap.
The results have sparked excitement across the crypto industry, and analysts see it as a sign of increasing acceptance in traditional finance for Bitcoin.
Andre Dragosch, Bitwise Europe’s research director, said Bitwise Europe, was making it more difficult for institutional investors to ignore their portfolios. He said:
“(It’s) becoming increasingly difficult for asset managers to ignore (BTC).”
However, the flip was short-lived. The Alphabet then regained its position, and Bitcoin’s market capitalization was immersed in just about $1.856 trillion as of press time.
Meanwhile, the top ciphers continue to be more valuable than Silver, Amazon, Meta and Saudi Arabico.
Still, it remains small compared to other global asset classes. dThe ATA, priced on Bitcoin, shows that real estate is around $635 trillion, global debt is $141 trillion and gold is around $23 trillion..
Bitcoin market momentum
The surge in Bitcoin valuations follows a strong-price rally rising above $94,000 after performance has declined. Macroeconomic change and investor optimism support upward momentum.
One of the key catalysts was a statement from Treasury Secretary Bescent on April 22, which reportedly highlighted the need to lift tensions with China.
His comments suggested a shift in trade trends that have boosted investors’ appetite for risky assets, including cryptocurrencies.
At the same time, the US-based Spot Bitcoin Exchange-Traded Funds (ETF) recorded a historic daily influx of $912.7 million. This marked the highest daily influx of ETFs since President Donald Trump took office, renewing the agency’s confidence in crypto.
According to Bloomberg Intelligence, recent declines in price stability and Bitcoin volatility, particularly compared to stocks following the April 2nd tariff shock, could encourage more public companies to consider crypto in their financial strategies.
