Bitcoin (BTC) has once again surpassed the $100,000 barrier, and as this rise exceeded $104,000, it has also surpassed Amazon’s market capitalization.
Milestones occur in the middle of a fierce day in a global market, characterized by two facts of international relevance. Announcement of a commercial agreement between the United States and the UK. And a speech from Federal Reserve President Jerome Powell chose not to give any clear indications as to whether he would cut interest rates in the dollar in the short term (the fact that he wasn’t saying he wouldn’t do so, he sparked optimism among investors).
In communicating with Cryptootics, Denise Cinelli and the COO of Exchange Cryptomkt commented:
The rebound comes after the Federal Reserve decision to maintain unchanged fees and predict the likelihood of decline towards the second semester. The market interprets this signal as a shift towards more flexible monetary policy, promoting global liquidity and supporting risky assets such as Bitcoin.
Denise Cinelli, Coode Cryptomkt.
This geopolitical and financial context was enough to push Bitcoin at the highest price in over two months, as can be seen in the following graph.
This has resulted in a market capitalization of $20.5 billion.The sign So in English) and therefore exceeds 203.9 billion Amazon. It’s an iconic brand, but it’s also a substantial brand. Bitcoindiversified assets born in response to the financial crisis of 2008, He has once again positioned himself among the five most valuable assets in the world behind only Microsoft, Apple, Nvidia and El Oro.
With Amazon already behind, attention moves towards the next goal in the rankings. The first is Nvidia, with a market capitalization of $2.86 billion. It follows that of 2.94 billion Apple and Microsoft.
Above all, there is gold, estimated capitalization of over $22 billion, which is maintained as the most valuable asset in the world.
Bitcoin is already considered by many people as “digital gold.” If you want to challenge precious metals to the throne, you’re still on long distance travels (That probably doesn’t happen in this bullish cycle. Probably in the next cycle).
Does Bitcoin have enough impulses to continue its climbing position in the global asset rankings? Overcoming Nvidia and Apple seems like a more challenging task, but it’s not disposable.
Iván Paz Chain, director of Trading Different, ‘Calling Heat Map‘ (Clean Heatmap) said, “A strong rebound has begun to take advantage of the uncertainty of the market and to liquidate everything that has been leveraged for a long time.”
In the short term, the Puzz Chain explains after it exceeds the $101,700 zone It could be $105,300.
“Its fluidity is fuel, so that major operators can open and close superior positions efficiently,” says the specialist.
Anyway, analysts and businessmen explain, “In the long run, liquidity continues to rise above $110,000, so we are more likely to see a new historic maximum for Bitcoin.”
The next few days will be key to observing whether this gathering is maintained or whether there is a profit that exceeds demand. However, beyond short-term movements, long-term trends appear to be defined. Bitcoin is no longer a promise, it is a reality. The recruitment of giant individuals, businesses and states shows that, and the progress of the planet’s list of most valuable assets is just another confirmation that its role in the global financial system is far from reaching the roof.
