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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
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Categories:

Hot right now:

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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin briefly flipped Google as fifth most valuable asset globally

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Bitcoin momentarily climbed to become the world’s fifth most valuable asset, edging past Google’s parent company, Alphabet, in a short-lived but symbolic flip.

According to data from CompaniesMarketCap, Bitcoin’s valuation reached approximately $1.87 trillion, just ahead of Alphabet’s $1.859 trillion.

The achievement sparked excitement across the crypto industry, with analysts viewing it as a sign of Bitcoin’s growing acceptance in traditional finance.

Andre Dragosch, Head of Research at Bitwise Europe, remarked that Bitcoin’s position on the ranking makes it increasingly difficult for institutional investors to ignore in their portfolios. He said:

“[It is] becoming harder and harder for asset managers to ignore [BTC].”

However, the flip was short-lived. Alphabet has since regained its position, and Bitcoin’s market cap dipped slightly to around $1.856 trillion as of press time.

Meanwhile, the top digital asset remains more valuable than silver, Amazon, Meta, and Saudi Aramco.

Still, it remains small in comparison to other global asset classes. Data shared by Priced in Bitcoin shows that real estate is valued at roughly $635 trillion, global debt at $141 trillion, and gold at about $23 trillion.

Bitcoin’s market momentum

Bitcoin’s surge in valuation follows a strong price rally that saw it climb above $94,000 after a period of sluggish performance. Macroeconomic shifts and investor optimism have supported the upward momentum.

One key catalyst was the April 22 statement by US Treasury Secretary Bessent, who reportedly emphasized the need to de-escalate tensions with China.

His comments suggested a shift in trade trends, which boosted investor appetite for risk assets, including cryptocurrencies.

Simultaneously, US-based spot Bitcoin exchange-traded funds (ETFs) recorded a historic $912.7 million daily inflows. This marked the highest single-day ETF inflow since President Donald Trump returned to office, underscoring renewed institutional confidence in crypto.

According to Bloomberg Intelligence, the recent price stability and reduced volatility of Bitcoin, especially compared to equities following the April 2 tariff shock, could prompt more public companies to consider crypto in their treasury strategies.

The post Bitcoin briefly flipped Google as fifth most valuable asset globally appeared first on CryptoSlate.

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