Bitcoin’s market capitalization has flipped Google after its price touched the $94,000 zone today, pushing its total market value to over $1.86 trillion. According to CompaniesMarketCap, the development places BTC at fifth in the overall asset hierarchy, cementing its position among traditional finance and commodity giants.
Currently, the world’s top global asset is gold, with an estimated market capitalization of $22.451 trillion. Apple follows it at approximately $2.998 trillion, Microsoft with around $2.719 trillion, and NVIDIA at about $2.412 trillion.
What’s Driving the BTC Surge?
Recent political moves have eased U.S.–China trade tensions, helping risk assets like crypto gain traction. Even reports of a planned U.S. crackdown targeting 140 Chinese entities were tagged as more bullish than bearish, hinting that a trade war is less likely to derail BTC growth.
The recent tension between President Donald Trump and Federal Reserve Chair Jerome Powell affected both traditional and crypto markets. Trump’s initial threats to fire Powell if rate cuts were not delivered prompted a sharp sell-off in equities and a surge in some assets, including Gold and Bitcoin, with the former reaching an all-time high during that period.
Moreover, Bitcoin’s fixed supply of 21 million coins and upcoming programmed halvings have increased its appeal as a scarce asset in an inflationary environment. Investors view it as a hedge against fiat currencies whose supplies can be expanded by central banks. Despite short-term drawdowns, Bitcoin has shown resilience, indicating shifts in investor sentiment.
The community celebrated the latest halving anniversary, marking the drop in block rewards to 3.125 BTC. Interestingly, it coincided with the price briefly breaking above $90,000, suggesting that the circulatory mechanism ignites buying interest. Notably, Bitcoin’s narrative as digital gold remains intact, drawing capital from those seeking non-sovereign stores of value.
The Rush for BTC Increases
Institutions are aggressively expanding their Bitcoin allocations. Michael Saylor’s strategy is positioning itself as a “Bitcoin bank” and funding additional BTC purchases. The new Bitcoin Bond Company plans to introduce new corporate investment vehicles for institutional exposure to BTC. Tokyo-listed Metaplanet now holds over $400 million in Bitcoin, targeting 21,000 BTC by 2026 as “Asia’s MicroStrategy.”
Nations are also getting involved as El Salvador continues to bulk up its Bitcoin reserves, and the U.S. has formally created a Strategic Bitcoin Reserve.
