Bitcoin Rockets Past Google and Amazon, Lands in Fifth Place by Market Cap!

Hang onto your hats, crypto fans! Bitcoin just blasted past tech titans Google and Amazon, snagging the fifth spot in the global market cap rankings. And guess what? This epic leap happened just a day after BTC smashed through the $94,000 barrier!

It was around 11:20 AM UTC on April 23 when Bitcoin's market cap skyrocketed to a mind-blowing $1.86 trillion, thanks to its price soaring to $94,320. That's right, BTC left Google and Amazon in the dust, proving it's not just another digital coin but a heavyweight in the financial arena.

Right now, Google's market cap is hovering at $1.859 trillion, while Amazon's is at $1.837 trillion. But that's not all—Bitcoin also outshone silver, another go-to safe-haven asset, which is currently valued at $1.853 trillion. Talk about making waves!

But don't get too comfy, Bitcoin. There's still a mountain to climb before you can challenge the other corporate giants. NVIDIA, the software powerhouse, is holding strong at number four with a $2.41 trillion market cap, and Microsoft isn't far behind at third with $2.72 trillion.

Apple's chilling at second place with a cool $3 trillion market cap. And let's not forget gold, which is still king of the hill with a whopping $22.4 trillion market cap. That's one tough crown to snatch!

As of now, Bitcoin is the only cryptocurrency flexing in the top 10 largest assets by market cap. Ethereum, on the other hand, is trailing way back at 61st place with a market cap of $217.5 billion. Keep pushing, ETH!

Over the last 24 hours, Bitcoin's been on fire, climbing 5.8% and trading at $93,701. It even hit a peak of $94,320, which sent its market cap soaring by more than 6%. This isn't just a surge; it's a full-blown rocket launch!

Cathie Wood Thinks Bitcoin's Market Cap Could Eclipse Gold

Remember last December when Cathie Wood, the big boss at ARK Investment Management, dropped a bombshell? She said Bitcoin would one day be "bigger" than gold. At the time, BTC was flirting with a $2 trillion market cap, while gold was chilling at $15 trillion.

Wood's not backing down. She believes Bitcoin is just getting started and won't take long to outshine gold, becoming the ultimate asset. It's a bold claim, but with Bitcoin's recent moves, who's to say she's wrong?

Gold and Bitcoin have a lot in common, you know. Both are safe havens, perfect for hedging against inflation and the chaos of traditional markets. They've got a limited supply that needs to be mined, and gold often sets the pace for Bitcoin's trends a few months down the line.

Just recently, gold hit a new all-time high of $3,900 as investors brace for more economic turbulence, thanks to rising global trade tensions and a weakening dollar. Right around that time, Bitcoin hit a new monthly high of $87,570. And before you could blink, it was past $94,000. The future's looking bright for BTC!