Bitcoin Overtakes Amazon's $2.1 Trillion Market Cap Once Again: Apple Next?

Bitcoin’s (BTC) latest climb to the $111,000 level has taken its market cap into the top five assets of the world. BTC has overtaken Amazon’s market cap once again after its recent rally. BTC currently has a market cap of $2.213 trillion. Amazon, on the other hand, has a valuation of $2.135 trillion. BTC is currently bested by only Apple, Nvidia, Microsoft, and gold.

Bitcoin Amazon market cap
Source: Companiesmarketcap.com

Also Read: De-dollarization: Trump’s 10% Tariffs Fuel Fragile US Dollar Future in Asia

After Amazon, Can Bitcoin Overtake Apple?

BTC vs Apple
Source: Watcher Guru

Apple has a market cap of $3.018 trillion right now. On the other hand, there are 19.7 million BTC in circulation. If Bitcoin’s market cap hits $3.018 trillion, the price of each coin will reach about $157,671 ($3.018 trillion divided by 19.7 million). BTC’s price will rally by 41.52% if it hits $157,671.

Also Read: Ripple Price Prediction: $5K in XRP Could Flip Your Future with 580% as ETF Launches

According to CoinCodex’s Analysis, Bitcoin (BTC) may continue to rally over the coming weeks. The platform anticipates the asset to trade at $166,151 on Aug. 19 of this year. BTC’s price will face a 49.13% rally if it hits the $166,151 target.

BTC price prediction
Source: CoinCodex

What’s Pushing The Asset’s Price?

BTC’s latest rally could be due to a spike in institutional investments. While BTC is trading at new highs, other major assets are far from their respective all-time highs. Retail investors are likely sitting this rally out.

The rally could also be due to a spike in bullish sentiment among investors. The SEC has a pro-crypto head. The US government is helmed by a pro-crypto administration. The environment may appear right for many to increase their crypto exposure.

We may see a market-wide rally if the Federal Reserve cuts interest rates. There is a chance that the Fed will cut rates if inflation in the US continues to decline.

Also Read: Bitcoin: Analyst Predicts The Next Big Target For BTC To Breach After $110K

There is also a possibility that Bitcoin (BTC) will face a correction in the coming weeks. BTC may face hurdles if institutional inflows drop.

  • bitcoin

Comments

Post a Comment

Popular posts from this blog

Canary Capital’s XRP ETF Launch Set for Nov. 13

Image
XRP ETF launch plans moved forward on October 30 as Canary Capital filed an updated S-1 registration with the SEC, removing the delaying amendment and setting a November 13 target date. The filing gives the SEC control over timing while allowing the XRP ETF launch to proceed under the auto-effective registration method, pending Nasdaq approval of the 8-A filing. SCOOP: @CanaryFunds has filed an updated S-1 for its $XRP spot ETF, removing the “delaying amendment” that stops a registration from going auto-effective and gives the @SECGov control over timing. This sets Canary’s $XRP ETF up for a launch date of November 13, assuming the… pic.twitter.com/MKvEN23t5P — Eleanor Terrett (@EleanorTerrett) October 30, 2025 XRP ETF Launch Clears SEC Filing as Nasdaq Approval Looms Source: CryptoSlate The XRP ETF launch from Canary Capital follows a revised filing strategy that removes procedural delays. By eliminating the delaying amendment, Canary Capital positioned the fund to go auto-effect...
Read more

Ripple XRP ETF Odds Now at 88% After SEC Lawsuit Conclusion

Following the conclusion of the SEC and Ripple Labs lawsuit , the latter’s native XRP cryptocurrency is surging in price. The coin is up over 7% in the past week and saw a 12% surge on Friday. In addition, with numerous pending applications from investment firms, the odds of approval for an XRP ETF are rising, according to Bloomberg experts. Indeed, the highly anticipated launches could very well come before 2025 is over. The odds of Spot XRP ETF approval recently fell by 65%. The drop was reportedly due to SEC Commissioner Caroline Crenshaw’s consistent opposition to crypto ETFs, which worried several investing experts. However, Bloomberg senior ETF analyst Eric Balchunas says the reaction was overblown, reaffirming his projections. Since then, sentiment has reversed sharply, with the approval likelihood now surging to around 88%. “Interesting, trades reporting how Polymarket odds of XRP ETF approval went down to 62% after the votes were disclosed, showing Crenshaw voting no, but...
Read more

S&P Slaps Junk Rating On Michael Saylor’s Strategy, Citing ‘Speculative’ Bitcoin

Image
S&P Global slapped a junk rating on Michael Saylor’s Strategy, citing its heavy reliance on volatile Bitcoin and limited dollar liquidity. The credit rating agency initiated coverage of the Bitcoin treasury firm with a B- rating, six notches below investment grade, saying it has “speculative credit quality with increased default risk.” It pointed to the firm’s concentrated Bitcoin holdings, narrow business focus, and weak risk-adjusted capitalization as key weaknesses. S&P also warned of an “inherent currency mismatch,” noting that all of Strategy’s debt is denominated in US dollars while nearly all its assets are held in Bitcoin. A sharp drop in BTC’s price, it said, could force the company to sell holdings at a loss to meet obligations, creating potential liquidity stress. Saylor Lauds ‘First-Ever’ Rating For A Crypto Treasury Firm Still, Saylor took to X to celebrate the development, calling it the “first-...
Read more