Bitcoin Surpasses Amazon in Market Cap, Reaches $2.04 Trillion

In a significant shift, Bitcoin has surpassed Amazon to claim the fifth position globally in terms of market capitalization. As per 8MarketCap, Bitcoin’s current market cap stands at an impressive $2.04 trillion, marking a historical milestone for the cryptocurrency. This surge represents a notable increase of 4.75% within a 24-hour period. Experts suggest this upward momentum is partly fueled by improved global economic conditions and growing investor optimism in Bitcoin. The market reaction has been positive, with Bitcoin’s price soaring to $102,691.38 according to CoinMarketCap, reflecting the heightened confidence in the cryptocurrency.