#MarketGreedRising Bitcoin Crosses Google to Become Fifth-Largest Asset as Fed Rate Cut Bets Rise
The milestone reflects a year-long build in bullish sentiment, fueled by a friendlier regulatory backdrop under President Donald Trump and the rapid adoption of corporate treasury strategies centered on Bitcoin accumulation.
Bitcoin surged past its previous record, surpassing $124,000, as it mirrored a rally in U.S. equities.
The cryptocurrency became the fifth-largest asset by market capitalization, overtaking Google's $2.4 trillion.
Analysts are now eyeing $135,000–$138,000 as the next potential target for Bitcoin.
BTC rose above $124,000 in early Asia trading on Thursday, topping the July 14 high of $123,205, before seeing slight profit taking. The move came as the S&P 500 logged its second consecutive record close, meaning BTC mirrored a rally in stocks as both markets feed off the same bullish macro backdrop.
The milestone reflects a year-long build in bullish sentiment, fueled by a friendlier regulatory backdrop under President Donald Trump and the rapid adoption of corporate treasury strategies centered on bitcoin accumulation.
The milestone reflects a year-long build in bullish sentiment, fueled by a friendlier regulatory backdrop under President Donald Trump and the rapid adoption of corporate treasury strategies centered on Bitcoin accumulation.
Bitcoin surged past its previous record, surpassing $124,000, as it mirrored a rally in U.S. equities.
The cryptocurrency became the fifth-largest asset by market capitalization, overtaking Google's $2.4 trillion.
Analysts are now eyeing $135,000–$138,000 as the next potential target for Bitcoin.
BTC rose above $124,000 in early Asia trading on Thursday, topping the July 14 high of $123,205, before seeing slight profit taking. The move came as the S&P 500 logged its second consecutive record close, meaning BTC mirrored a rally in stocks as both markets feed off the same bullish macro backdrop.
The milestone reflects a year-long build in bullish sentiment, fueled by a friendlier regulatory backdrop under President Donald Trump and the rapid adoption of corporate treasury strategies centered on bitcoin accumulation.
