Summary
- Bitcoin (BTC) reportedly overtook Amazon to rank 7th in the global asset market capitalization rankings.
- According to CompaniesMarketCap, Bitcoin's market capitalization was estimated at about $2.439 trillion.
- Market analysts said that concerns about a prolonged U.S. government shutdown and ETF inflows influenced Bitcoin's upward trend.
Bitcoin (BTC) has overtaken Amazon to rank 7th in the global asset market capitalization.
On the 4th, CompaniesMarketCap reported that Bitcoin's market capitalization was about $2.439 trillion, surpassing Amazon. As a result, Bitcoin recorded the 7th highest market capitalization among major global assets.
Market analysts say that concerns about a prolonged U.S. government shutdown and inflows of ETF funds have combined to continue Bitcoin's upward trend.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
