Bitcoin just overtook Alphabet (Google)’s market valuation, rising above $124,000 and becoming the fifth‑largest global asset by market cap. Its valuation now exceeds Google’s $2.4 trillion, propelling BTC into elite territory behind only gold, Nvidia, Microsoft, Apple, and Amazon. This historic achievement underscores the growing institutional confidence in digital assets.
Several factors converged to fuel this milestone. Bitcoin’s rally has mirrored gains in equity markets, buoyed by speculative expectations that the Federal Reserve will begin cutting interest rates soon—a shift confirmed by softer inflation and weakening U.S. labor data. These trends encouraged a broader risk-on sentiment, supported further by institutional inflows and favorable U.S. regulatory developments.
Institutional activity has played a pivotal role. Investment vehicles like spot Bitcoin ETFs continue to attract massive capital inflows, while public companies—adopting strategies popularized by MicroStrategy—are adding BTC to their treasuries. At current trading levels, analysts eye further upside, with technical resistance hurdles between $135,000–$138,000 looming on the charts.
This moment represents more than a price record—it marks the normalization of Bitcoin within global capital markets. As BTC claims its spot among the world’s top assets, it reinforces the narrative of crypto’s emergence from fringe speculation toward institutional legitimacy.