Bitcoin Surpasses Amazon, Becoming the Fifth-Largest Asset with $2.054 Trillion Market Cap

Bitcoin Surpasses Amazon, Becoming the Fifth-Largest Asset with $2.054 Trillion Market Cap

Bitcoin has officially surpassed Amazon in market capitalization, reaching a milestone of $2.054 trillion, compared to Amazon's $2.039 trillion, making it the world’s fifth-largest asset. 

This surge in price, which pushed Bitcoin above $103K, resulted in around $1 billion worth of liquidations within just 24 hours, wiping out many short positions across exchanges.

Meanwhile, Wall Street continues to pour funds into Bitcoin through spot ETFs, and three U.S. states have recently passed laws recognizing Bitcoin reserves.