Bitcoin’s Market Cap Hits $2.16T, Overtaking Amazon as the Fifth Largest Asset Globally

Bitcoin reached a new milestone on Wednesday, hitting $109,400 before settling slightly lower, propelling its market capitalization to $2.16 trillion. This gain pushed Bitcoin past Amazon, making it the world’s fifth-largest asset.

After the peak, Bitcoin’s market cap edged above Amazon’s $2.15 trillion valuation. The digital currency is currently trading just under $109,000.

Bitcoin’s year-to-date return stands at 16.44%, contrasting with Amazon’s roughly 8% decline over the same period.

Gold remains the leading global asset with a massive $22 trillion market cap, while tech powerhouses Microsoft, NVIDIA, and Apple each hold market caps between $3.1 trillion and $3.4 trillion.

Investor enthusiasm for Bitcoin has been buoyed by its performance since Donald Trump’s presidential win. BlackRock’s iShares Bitcoin Trust (IBIT) has emerged as one of the top ETFs by inflows this year, drawing about $9 billion from investors, according to Bloomberg’s senior ETF analyst Eric Balchunas.