Summary
- Bitcoin has recorded a market capitalization of $2.16 trillion, surpassing Amazon to rank 5th in global asset rankings.
- This rise is analyzed as a result of combined factors such as increased institutional investor inflows and improved market sentiment.
- Bitcoin is trading at $109,678, up 4% from the previous day, based on the Binance Tether market.
According to cryptocurrency specialist media CoinDesk on the 21st (local time), Bitcoin (BTC) reached an all-time high, recording a market capitalization of $2.16 trillion. This figure surpasses Amazon's market capitalization of $2.15 trillion.
As a result, Bitcoin has overtaken Amazon to rank 5th in global asset market capitalization. This rise is analyzed as a result of a combination of increased institutional investor inflows and improved market sentiment.
Meanwhile, BTC is trading at $109,678, up 4% from the previous day, based on the Binance Tether (USDT) market as of 01:39 on the 22nd.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
