- Bitcoin beats Google claiming 5th largest asset in the world by market cap.
- Bitcoin (BTC) sets a new ATH price at $124,457.12.
- Analysts expect the price of BTC to claim higher highs in the $130,000 – $135,000 region.
The crypto market sentiment is high and bullish today, spurred by Bitcoin’s latest pump. In detail, Bitcoin beats Google claiming 5th largest asset in the world by market cap, just as BTC set a new ATH price at $124,457.12. Analysts have been waiting all month for BTC to set a new ATH price and it looks like the pioneer crypto asset is just getting started. ATHs between $130,000 are expected.
Bitcoin Beats Google Claiming 5th Largest Asset
The pioneer crypto asset Bitcoin (BTC) has been claiming higher and higher ranks among the largest assets in the world by market cap category. During this ongoing bull cycle, Bitcoin’s market cap saw incredible growth, allowing the cryptographic digital asset to constantly reclaim the title of the 5th largest asset in the world by market cap. To highlight, over the last 12 months, Bitcoin beat both Amazon and Google to claim this title .
As we can see from the post above, Bitcoin has once again surpassed to reclaim the title of being the 5th largest asset in the world by market cap. Responses to the post shows that just 4 assets are between Bitcoin (BTC) and the top rank which is held by gold. One comment states that if BTC pulls a 10 from here, it can claim the top rank. Between gold and BTC lie, NVIDIA, Microsoft, and Apple, respectively.
BTC Sets New ATH as $124,457
This sudden surge, allowing Bitcoin to reclaim the title of being the 5th largest asset in the world by market cap, was likely due to the sudden surge in BTC price. To highlight, the price of BTC surged by over 4% in the last 24 hours, according to CoinMarketCap data. This pump led to BTC setting a new ATH price at $124,457.12, a price that is currently 1.01% away from the price Bitcoin is currently trading at which is $123,111.46.
The platform also says that presently, the pioneer crypto asset is boasting a total market cap of $2,450,653,059,376.43 and a 24-hour trading volume of $94,987,144,196.89. As we can see from the post above, the statement says that the new ATH brought 110% returns for those who bought Bitcoin every day like the El Salvador government. In detail, El Salvador has bought 1 BTC every day since Nov 18, 2022, buying 1,000 $BTC at the cost of $57.29 million, now worth $124 million at an average price of $57,793, with an unrealized profit of $66 million.
While the new ATH has gotten the crypto community excited, most believe this pump is just a teaser for what is to come next. Earlier this week, the reputed silver-tongued analyst, Doctor Profit, known for his accurate predictions, shared his latest BTC report . In this report, he expressed how the price of BTC is working its way to the next ATH price range, which lies between the $130,00 and $135,000 price region.
