Bitcoin enters top 5 world’s largest assets, surpassing Google, Silver, Amazon
BTC price is up 15% in April, breaking from the tech-heavy Nasdaq 100, which has dropped 4.5%, propelling Bitcoin into the top five world’s largest asset club.
Bitcoin (BTC) has officially overtaken Alphabet (Google) to become the world’s fifth most valuable asset by market capitalization.
As of April 23, Bitcoin’s market cap had surged to $1.87 trillion, edging past Alphabet’s $1.859 trillion valuation, according to asset ranking data. BTC is now only behind gold, Apple, Microsoft, and Nvidia.
Bitcoin’s edge over Alphabet coincides with an ongoing “decoupling” from its long-standing correlation with US tech stocks, especially in April, wherein BTC’s price has rallied 15% despite Nasdaq 100’s returns of 4.50% in the same period.
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