Bitcoin Hits New Heights, Surpasses Amazon in Market Capitalization

In a remarkable feat, Bitcoin has shattered through Amazon’s market cap and is rapidly approaching Google’s valuation. This surge reflects the growing influence of institutional investors in driving cryptocurrency prices. Analysts attribute this significant move to increased interest in decentralized finance (DeFi) and the broader acceptance of cryptocurrencies by institutions. 2024 saw significant progress with the approval of spot ETFs, significantly fueling this surge.