Bitcoin hits another all-time high at $123,000, beats Amazon to become the 5th largest asset by market cap
The post Bitcoin hits another all-time high at $123,000, beats Amazon to become the 5th largest asset by market cap appeared on BitcoinEthereumNews.com. According to data from companiesmarketcap.com, Bitcoin’s current market capitalisation stands at $2.407 trillion. Bitcoin reached a new all-time high of $123,091.61 on Monday, as per CoinMarketCap data. Just last week, the BTC ETFs saw two days with over $1 billion in inflows. Bitcoin surged past the $120,000 mark for the first time earlier on Monday, driven by sustained institutional demand, strong exchange-traded fund (ETF) inflows, and renewed optimism surrounding upcoming US crypto legislation. The world’s largest cryptocurrency was last seen at $122,559, up 3.23% at the time of writing. Earlier, it reached a new all-time high of $123,091.61, as per CoinMarketCap data. Over the past five days, Bitcoin has gained approximately 12%, extending its rally to a 103% increase compared to the same time last year. According to data from companiesmarketcap.com, Bitcoin’s current market capitalisation stands at $2.407 trillion, making it the fifth-largest asset globally, ahead of Amazon, Silver, and Google. Only Gold, NVIDIA, Microsoft, and Apple command higher market values. ETF flows signal institutional conviction Spot Bitcoin ETFs in the United States have pulled in $16.2 billion in cumulative inflows since April, according to data from SoSoValue. The rise in ETF demand comes amid a broader shift among asset managers and hedge funds seeking exposure to Bitcoin as part of a diversified macro allocation. Just last week, the BTC ETFs saw two days with over $1 billion in inflows. On Thursday, US spot BTC ETFs registered $1.18 billion inflows, which were followed by a $1.02 billion inflow on Friday. Crypto Week in Washington fuels optimism This week marks the beginning of the “Crypto Week” in Washington, D.C., where lawmakers are expected to debate and possibly advance two key pieces of legislation: the CLARITY Act and the GENIUS Act. The CLARITY Act aims to establish a formal regulatory framework for…
The post Bitcoin hits another all-time high at $123,000, beats Amazon to become the 5th largest asset by market cap appeared on BitcoinEthereumNews.com.
According to data from companiesmarketcap.com, Bitcoin’s current market capitalisation stands at $2.407 trillion. Bitcoin reached a new all-time high of $123,091.61 on Monday, as per CoinMarketCap data. Just last week, the BTC ETFs saw two days with over $1 billion in inflows. Bitcoin surged past the $120,000 mark for the first time earlier on Monday, driven by sustained institutional demand, strong exchange-traded fund (ETF) inflows, and renewed optimism surrounding upcoming US crypto legislation. The world’s largest cryptocurrency was last seen at $122,559, up 3.23% at the time of writing. Earlier, it reached a new all-time high of $123,091.61, as per CoinMarketCap data. Over the past five days, Bitcoin has gained approximately 12%, extending its rally to a 103% increase compared to the same time last year. According to data from companiesmarketcap.com, Bitcoin’s current market capitalisation stands at $2.407 trillion, making it the fifth-largest asset globally, ahead of Amazon, Silver, and Google. Only Gold, NVIDIA, Microsoft, and Apple command higher market values. ETF flows signal institutional conviction Spot Bitcoin ETFs in the United States have pulled in $16.2 billion in cumulative inflows since April, according to data from SoSoValue. The rise in ETF demand comes amid a broader shift among asset managers and hedge funds seeking exposure to Bitcoin as part of a diversified macro allocation. Just last week, the BTC ETFs saw two days with over $1 billion in inflows. On Thursday, US spot BTC ETFs registered $1.18 billion inflows, which were followed by a $1.02 billion inflow on Friday. Crypto Week in Washington fuels optimism This week marks the beginning of the “Crypto Week” in Washington, D.C., where lawmakers are expected to debate and possibly advance two key pieces of legislation: the CLARITY Act and the GENIUS Act. The CLARITY Act aims to establish a formal regulatory framework for…
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