Bitcoin surged to a new all-time high of $109,400 on Wednesday, leading its market capitalization to reach $2.16 trillion, surpassing Amazon’s $2.15 trillion.

Key Points:

• Bitcoin (BTC) reached a record high but consolidated slightly lower to currently trade at $108,954.
• This milestone places it as the fifth largest asset worldwide.
• Bitcoin has gained approximately 16.44% year-to-date, while Amazon’s shares have declined around 8% in the same timeframe.

Market Overview:

• Gold remains the largest asset with a market cap of approximately $22 trillion.
• Other significant assets include Microsoft, NVIDIA, and Apple, valued between $3.1 trillion and $3.4 trillion.

As Bitcoin prices have surged, BlackRock’s iShares Bitcoin Trust has also flourished, becoming the fifth-largest ETF by inflows this year.