Google Loses to Bitcoin in Market Cap

Bitcoin has surpassed $94,000, pushing the world’s largest cryptocurrency past Alphabet (which owns Google) in terms of market capitalization. The world’s other largest assets remain gold, Apple, Microsoft, and Nvidia.

Image source: Erling Løken Andersen / unsplash.com

Bitcoin’s market capitalization has surpassed Google’s after the cryptocurrency’s quotation rose above $94,000. As of 13:00 Moscow time on April 23, Bitcoin reached a capitalization of $1.868 trillion, while Google’s is $1.859 trillion, according to Coinmarketcap statistics. Over the past 24 hours, these assets have risen in price by 6.38% and 2.7%, respectively. The list of the largest assets by capitalization also includes gold ($22.463 trillion), as well as Apple ($3.000 trillion), Microsoft ($2.726), and Nvidia ($2.412 trillion). The day before, Bitcoin was in seventh place on the list, but in 24 hours it climbed two positions, pushing silver ($1.855 trillion) aside along with Alphabet.

Image source: companiesmarketcap.com

At the moment, investors are actively buying Bitcoin and related assets, which is why the world’s largest cryptocurrency is becoming more expensive – demand for it is noted on the Binance and Coinbase crypto exchanges, which are pushing the asset up and creating a favorable situation. Now Bitcoin is playing off the drawdown caused by US trade duties: over the past 24 hours, it has risen in price by more than 6%, since the beginning of the week – by 10%.