BTC
$109,549.70
+
1.67%
ETH
$2,599.34
+
1.99%
USDT
$1.0003
+
0.02%
BNB
$670.12
+
1.80%
SOL
$174.36
+
1.85%
USDC
$0.9997
+
0.02%
DOGE
$0.2360
+
2.92%
ADA
$0.7802
+
3.65%
TRX
$0.2740
–
0.82%
SUI
$4.0492
+
1.64%
LINK
$16.42
+
1.79%
AVAX
$23.74
+
3.28%
XLM
$0.2969
+
2.71%
HYPE
$27.83
+
2.52%
SHIB
$0.0₄1512
+
2.26%
HBAR
$0.2017
+
1.29%
LEO
$8.7856
+
0.92%
BCH
$410.82
+
2.85%
TON
$3.1286
+
0.18%
By Helene Braun|Edited by Oliver Knight
Updated May 21, 2025, 4:18 p.m. Published May 21, 2025, 4:18 p.m.
- Bitcoin (BTC) surged to a new record high of $109,400 on Wednesday.
- It becomes the fifth largest asset in the world with a $2.16 trillion market cap, overtaking Amazon (AMZN) which is at $2.15 trillion.
- Bitcoin consolidated after hitting a new record high and currently trades at $108,954.
Bitcoin
became the world’s fifth-largest asset after hitting a new all-time high on Wednesday, which pushed its market cap to $2.16 trillion.
Though the crypto’s price consolidated lower after hitting a high of $109,400, its market cap passed Amazon (AMZN), which stands at $2.15 trillion.
STORY CONTINUES BELOW
Bitcoin is up 16.44% year-to-date while shares of the online retailer are down about 8% over the same period. It is currently trading at $108,954.
Gold is the largest asset, by far, standing at a $22 trillion market cap, followed by Microsoft (MSFT), NVIDIA (NVDA) and Apple (AAPL) which stand at $3.1 trillion to $3.4 trillion respectively.
As a result of the surge in bitcoin’s price since the win of U.S. President Donald Trump, BlackRock’s iShares Bitcoin Trust (IBIT) recently became the fifth-largest exchange-traded fund (ETF) by inflows this year as it took in roughly $9 billion from investors, according to data from Bloomberg senior ETF analyst Eric Balchunas.
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
