Bitcoin enters top 5 world's largest assets, surpassing Google, Silver, Amazon
Bitcoin has officially become the fifth most valuable asset globally, overtaking Alphabet (Google) with a market cap of $1.87 trillion. This milestone comes as Bitcoin's price surged 15% in April, diverging from the Nasdaq 100 index, which fell 4.5% during the same period. Bitcoin is now behind only gold, Apple, Microsoft, and Nvidia. The decoupling of Bitcoin from US tech stocks and renewed investor interest, partly due to regulatory discussions and macroeconomic factors, have positively impacted its value. Despite this growth, Bitcoin's price remains 16% below its all-time high. Alphabet faces challenges from regulatory scrutiny and a slowdown in ad revenue, contributing to its diminished valuation in comparison to Bitcoin.
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