Bitcoin surpassed Google’s parent alphabet, becoming the sixth most valuable asset in the world, and now sits within a few percent of Amazon.
The move comes amid a new burst of crypto optimism as Coinbase stocks surge with imminent US stable regulations. This one punch in market and policy news has fueled speculation that the sector is solidifying its position as a mainstream macro asset class.
Earlier on Friday, Bitcoin’s market capitalization was $2.13 trillion while trading above $106,000. It surpasses the alphabet’s $2.11 trillion value and leaves only gold, Microsoft, Nvidia, Apple and Amazon ahead of the list of global assets. Bitcoin has risen more than 40% since the start of the year, supported by a sustained institutional influx and a digital gold story, as US financial concerns remain.
Bitcoin headline milestones are stealing the spotlight, but Crypto Equities is seeing its own rally. Coinbase shares have stolen $373 over 20% in the past week, based on investors’ expectations over the Genius Act, which passed the Senate by 68-30 votes.
The law requires full reserves and monthly audits of Stablecoin issuers, and is widely seen as regulated banks clear their pass to enter the dollar-backed crypto space. This development could boost Coinbase’s revenue share to USDC and broader Stablecoin activities.
The Stablecoin sector has grown to a record $257 billion market capitalization, up more than 20% so far this year. Analysts view regulatory clarity as an important catalyst for further growth and mainstream adoption, while reducing the lingering fear of opaque reserves and systemic risks.
Other crypto stocks have risen quietly this week along with Bitcoin. The strategy, the Big Ticket BTC Balance Sheet Play, has added around 4.5% since its ending last Friday. Among miners, Mara rose by about 6%, the riot platform increased by about 5%, and CleanSpark ran over 20% after JPMorgan raised its price target in the group.
Despite his bullish tone, skepticism remains. Former Bitmex CEO Arthur Hayes claims the circle’s ratings are “sorryly overrated.” This is an indication that even amongst the rally, questions about bubbles and sustainability are being raised in certain corners of the crypto market.
Going forward, Crypto Watchers will closely track House votes on the Genius Act, which is expected in mid-July. While many bills usually start in the House, such regulations could begin in either room. In other words, the Senate-led process is completely routine.
A successful passage sends the bill to President Trump.
Bitcoin is currently under $175 billion, surpassing Amazon and becoming the world’s fifth largest asset. Coinbase’s next revenue on August 7 will also provide important updates on regulatory clarity such as Shopify’s Coinbase Payments and how new products are being fed to the top line.